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March 5, 2020, 4:39 p.m. EST

H&R Block stock slips on wider-than-expected loss as revenue tops Street view

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By Wallace Witkowski

HRB

H&R Block Inc. /zigman2/quotes/207406664/composite HRB +3.72% shares swung lower in the extended session Thursday after the accounting services company posted revenue above Wall Street estimates but reported a wider-than-expected loss. H&R Block shares, which had been up 2%, were last down 4% after hours, following a 4.7% decline in the regular session to close at $20.84. The company reported fiscal a third-quarter loss of $129.7 million, or 67 cents a share, compared with a loss of $126.5 million, or 62 cents a share, in the year-ago period. The adjusted continuing operations loss was 59 cents a share. Revenue rose to $519.2 million from $468.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 55 cents a share on revenue of $485.6 million.

/zigman2/quotes/207406664/composite
US : U.S.: NYSE
$ 15.35
+0.55 +3.72%
Volume: 3.35M
Aug. 7, 2020 4:02p
P/E Ratio
1,238
Dividend Yield
6.78%
Market Cap
$2.95 billion
Rev. per Employee
$34,788
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