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Wednesday, August 28, 2019

-=H &R Block (HRB) reported earnings on Wed 28 Aug 2019 (a/h)

H &R Block beats by $0.03, reports revs in-line; Reiterates FY20 revenue and margin outlook 
  • Reports Q1 (Jul) loss of $0.72 per share, $0.03 better than the S&P Capital IQ Consensus of ($0.75); revenues rose 3.4% year/year to $150 mln vs the $151.35 mln S&P Capital IQ Consensus.
  • 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.

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