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H&R Block: Fiscal 1Q Earnings Snapshot

KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Tuesday reported fiscal first-quarter net income of $91.3 million, after reporting a loss in the same period a year earlier.

The Kansas City, Missouri-based company said it had profit of 47 cents per share. Earnings, adjusted for one-time gains and costs, were 55 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The tax preparer posted revenue of $601 million in the period.

H&R Block shares have fallen 38% since the beginning of the year, while the Standard & Poor's 500 index has increased 9%. In the final minutes of trading on Tuesday, shares hit $14.63, a drop of 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRB at https://www.zacks.com/ap/HRB