Categories Earnings, Finance, Markets

Earnings: Delay in IRS filings widens Q3 pre-tax losses for H&R Block

The largest income-tax filing company in the world, H&R Block Inc. (HRB) posted its third-quarter 2019 earnings on Mar. 7, before the bell.

Total revenue slipped 4.1% to $468.4 million for the quarter on lower assisted tax preparation revenues and royalties due to the delay in overall filings with the IRS. Pretax losses widened 31.3% to $158.7 million, despite the loss from continuing operations improving to 58 cents a share from $1.16 per share loss a year ago.

READ: Smith & Wesson maker AOBC posts upbeat third-quarter earnings

Consolidated loss shrank to $0.62 a share from last year’s loss of $1.18 per share.

According to Zacks Research, the market expected revenue to slip 5.5% to $461 million, generating an estimated loss of 83 cents.

 

Trade war: Huawei launches offensive, suing the US government for ban

 

In the three-month period, the company announced a cash dividend of $0.25 per share, payable on Apr.1, 2019 to shareholders of record as of Mar. 18, 2019.

H&R Block CEO Jeff Jones said, “the significant improvements we’ve made across our business have resulted in increased client satisfaction scores related to our new upfront and transparent pricing, third-party accolades for our DIY products, and growth in our virtual offerings so far this tax season.”

 

 

 

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Target Corp posts strong results in Q3: Infographic

Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top