Categories AlphaGraphs, Earnings, Other Industries

H&R Block (HRB) swings to profit in Q1; revenue rise 300%

Tax service provider H&R Block (NYSE: HRB) reported its first quarter 2021 results after the bell today. While the non-GAAP earnings of $0.55 per share surpassed the market’s estimates, the revenue of $601 million in Q1 failed to meet the consensus estimates.

HRB shares were trading up about 2% immediately after its earnings announcement.

H&R Block (HRB) Q1 2021 Earnings Infograph

On the bottom line, the company reported a profit, both on GAAP and non-GAAP basis. Revenue climbed by 300% in the first quarter due to the extension of the US tax season and increased international tax preparation fees due to the extension of the Canadian tax season.

Also read: Will new business model help H&R Block (HRB) deal with the taxing times?

Looking forward to read what management and analysts discuss on quarterly results? Stay tuned here for H&R Block Q1 2021 earnings call transcript

Most Popular

Earnings calendar for the week of May 17

Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow

Alibaba (BABA): The good and the bad from the Q4 earnings report

Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with

Walt Disney (DIS) is focused on reopening, to put up a better show this year

With some of its parks and resorts either closed or operating at reduced capacity even more than a year after the virus outbreak, The Walt Disney Company (NYSE: DIS) is

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