- 6/13: #97 / vol. 3.9 M
- H&R Block beats 4Q profit forecasts
KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Tuesday reported fiscal fourth-quarter net income of $783.4 million.
The Kansas City, Missouri-based company said it had profit of $3.75 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to $3.76 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.51 per share.
The tax preparer posted revenue of $2.33 billion in the period.
H&R Block shares have increased 17 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9 percent. In the final minutes of trading on Tuesday, shares hit $26.99, a rise of 14 percent in the last 12 months.
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