** charts before earnings **
** charts after earnings **
- 2 weeks later:
H & R Block beats by $0.01, beats on revs :
- Reports Q2 (Oct) loss of $0.67 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.68); revenues rose 2.3% year/year to $131.3 mln vs the $126.76 mln Capital IQ Consensus, partially as a result of favorable foreign exchange rates and tax preparation revenues in international operations. Additionally, deferred revenue recognition from increased Peace of Mind product sales in prior fiscal years also positively impacted revenues. These increases were partially offset by lower domestic tax preparation revenues as well as the impact of the divestiture of H&R Block Bank.
- "Our expense reduction efforts are starting to bear results," said Tony Bowen, H&R Block's chief financial officer. "These reductions will enable us to fund client growth initiatives to deliver a successful fiscal year 2017."
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