KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — H&R Block Inc. (HRB) on Tuesday reported a loss of $163.5 million in its fiscal first quarter.
On a per-share basis, the Kansas City, Missouri-based company said it had a loss of $1.12. Losses, adjusted for non-recurring costs and to account for discontinued operations, were $1.05 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.13 per share.
The tax preparer posted revenue of $183.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $180.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRB at https://www.zacks.com/ap/HRB
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