H & R Block reports EPS in-line, beats on revs
- Reports Q1 (Jul) loss of $0.62 per share, in-line with the Capital IQ Consensus of ($0.62); revenues rose 10.4% year/year to $138 mln vs the $129.33 mln Capital IQ Consensus.
- The revenue increase was primarily due to increased U.S. Assisted tax preparation fees and revenues from the Peace of Mind Extended Service Plan product.
- "We are building on our momentum from fiscal 2017 to deliver another successful tax season for both our clients and our shareholders," said Tom Gerke, H&R Block's interim president and chief executive officer. "The management team has been hard at work to execute against our plans and we're excited to have Jeff Jones, a strong and experienced leader, join us as our new CEO."
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