By Sabela Ojea
H&R Block had a wider loss and lower-than-expected revenue in its fiscal second quarter.
Shares were down 5.4% to $51.50 in post-market trading. Through Tuesday's close, the stock has increased 15% over the past 12 months.
The tax preparation company on Tuesday posted a loss for the three months ended Dec. 31 of $243.4 million, or $1.80 a share, compared with a loss of $189.8 million, or $1.33 a share, for the same period a year earlier.
Stripping out one-time items, H&R Block had a loss of $1.73 a share. Analysts polled by FactSet had forecast an adjusted loss of $1.67.
Revenue fell slightly to $179.07 million from $179.08 million a year ago, missing the $182.1 million expected by Wall Street, according to FactSet.
H&R Block kept its outlook for the year unchanged, guiding for revenue in the range of $3.69 billion to $3.75 billion and adjusted earnings of $5.15 to $5.35.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 04, 2025 16:47 ET (21:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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