H&R Block (HRB) Tops Q2 EPS by 1c, Beats on Revenues

H&R Block (NYSE: HRB) reported Q2 EPS of ($0.71), $0.01 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $141 million versus the consensus estimate of $131.67 million.

Highlights1

• Fiscal second quarter financial results were in line with expectations
• Revenues increased $10 million, or 7%, to $141 million primarily due to increased international tax preparation fees, positive fluctuations in foreign exchange rates, and favorable preseason results in the U.S.
• Loss per share from continuing operations increased $0.04, from $0.67 to $0.71, due to both an increase in net loss from continuing operations and a year-over-year reduction in average shares outstanding, which negatively impacts those quarters with a loss
• The company expects continued improvement in client trajectory in fiscal 2018, leading to modest revenuegrowth and margins consistent with the prior year

For earnings history and earnings-related data on H&R Block (HRB) click here.

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