Tax prep specialist H&R Block, Inc. (
) late Thursday said its fiscal fourth quarter profit fell 5% from
last year, matching analyst expectations.
The Kansas City-based company reported fiscal fourth quarter net
income of $658.6 million, or $2.14 per share, compared with $690.8
million, or $2.11 per share, in the year-ago period.
Revenue edged slightly lower from last year to $2.33
On average, Wall Street analysts expected a matching profit of
$2.14 per share, on slightly lower revenue of $2.32 billion.
H&R Block shares were mostly flat in premarket trading
The Bottom Line
Shares of H&R Block (
) have a 3.73% dividend yield, based on last night's closing stock
price of $16.07. The stock has technical support in the $14-$16
price area. If the shares can firm up, we see overhead resistance
around the $18 price level.
H&R Block, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.1 out of 5 stars.
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