KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Wednesday reported a loss of $150.2 million in its fiscal first quarter.
On a per-share basis, the Kansas City, Missouri-based company said it had a loss of 74 cents. Losses, adjusted to account for discontinued operations, were 72 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share.
The tax preparer posted revenue of $150.4 million in the period.
H&R Block shares have increased roughly 6% since the beginning of the year, while the Standard & Poor's 500 index has increased 15%. In the final minutes of trading on Wednesday, shares hit $26.87, a rise of nearly 3% in the last 12 months.