DALLAS (AP) — DALLAS (AP) — Avantax, Inc. (AVTA) on Monday reported first-quarter earnings of $1.7 million.
The Dallas-based company said it had profit of 4 cents per share. Losses, adjusted to account for discontinued operations, came to 1 cent per share.
The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $178 million in the period.
Avantax expects full-year earnings to be 63 cents to 96 cents per share, with revenue in the range of $750 million to $758 million.
Avantax shares have decreased slightly more than 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.18, a climb of 41% in the last 12 months.
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