Aussie filings boost H&R Block

Investor's Business Daily

The tax prep giant posted a fiscal Q2 adjusted loss of 37 cents, equal with a year ago, but 3 cents better than analysts expected, helped by cost cuts and an 8% rise in the volume of business in Australia. H&R Block (HRB) sales climbed 6% to $137 mil, beating views. Worries about higher taxes related to the fiscal cliff could help April-ending fiscal Q4 results, the quarter when the seasonal operation makes the bulk of its sales and profits. Shares rose 5.1% to 18.26.

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