KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Wednesday reported a loss of $153.6 million in its fiscal second quarter.
The Kansas City, Missouri-based company said it had a loss of 74 cents per share. Losses, adjusted to account for discontinued operations, were 71 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 73 cents per share.
The tax preparer posted revenue of $140.9 million in the period.
H&R Block shares have risen 14 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. The stock has increased 19 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRB at https://www.zacks.com/ap/HRB
Automated Insights, source Associated Press News