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H&R Block Announces Fiscal 2018 First Quarter Results

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
Company Research Source: GlobeNewswire
KANSAS CITY, Mo., Aug. 29, 2017 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE:HRB) today released its financial results for the fiscal 2018 first quarter ended July 31, 2017.  The company normally reports a fiscal first quarter loss due to the seasonality of its tax business.  The fiscal first quarter typically represents less than 5% of annual revenues and less than 15% of annual expenses. Fiscal First Quarter Highlights1 Fiscal first quarter financial results were largely in line with expectationsRevenues increased $13 million, or 10%, to $138 million primarily due to increased U.S. Assisted tax preparation fees and revenues from the Peace of Mind® Extended Service Plan productYear-over-year reduction in average outstanding shares and a lower effective tax rate, both of which negatively impact those quarters with a net loss, resulted in an increase in loss per shareJeff Jones appointed president and CEO effective October 9, 2017 "We are building on our momentum from fiscal 2017 to Show less Read more
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