H&R Block (HRB) Misses Q3 EPS by 4c, Revenues Beat; Reiterates FY20 Revenue Growth & Margin Outlook
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H&R Block Announces Fiscal 2020 Third Quarter Results; Reiterates Fiscal Year Financial Outlook
March 5, 2020 4:20 PM ESTKANSAS CITY, Mo., March 05, 2020 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) today released its U.S. tax return volume through February 28, 2020 and financial results for the fiscal 2020 third quarter ended January 31, 2020. The company normally reports a fiscal third quarter loss due to the seasonality of its tax business.
Fiscal Third Quarter Highlights1
Revenues for the fiscal third quarter ended January 31, 2020 increased 11%, to $519 million due to improved tax return volumes in both Assisted and DIY, as well as revenues from acquired franchises and Wave.Loss... More