KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — H&R Block Inc. (HRB) on Tuesday reported fiscal fourth-quarter earnings of $299.4 million.
The Kansas City, Missouri-based company said it had profit of $2.20 per share. Earnings, adjusted for amortization costs and to account for discontinued operations, came to $2.27 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.
The tax preparer posted revenue of $1.11 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $1.07 billion.
For the year, the company reported profit of $605.8 million, or $4.39 per share. Revenue was reported as $3.76 billion.
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