H&R Block Fiscal Q1 Adjusted Loss Widens, Revenue Rises; Fiscal 2025 Guidance Reaffirmed; Shares Fall After-Hours

MT Newswires Live
2024-11-08

H&R Block (HRB) reported a fiscal Q1 net loss late Thursday of $1.17 per diluted share, wider than a loss of $1.05 a year earlier.

Four analysts polled by Capital IQ expected an adjusted loss of $1.21.

Revenue for the quarter ended Sept. 30 was $193.8 million, up from $183.8 million a year earlier.

Three analysts surveyed by Capital IQ expected $187.7 million.

The company continues to expect fiscal year 2025 adjusted diluted earnings of $5.15 to $5.35. Four analysts surveyed by Capital IQ expect $5.26.

H&R Block also reaffirmed its revenue guidance for the year of $3.69 billion to $3.75 billion. Three analysts polled by Capital IQ expect $3.72 billion.

Shares of H&R Block were down 2.3% in recent after-hours activity.

Price: 61.92, Change: -1.44, Percent Change: -2.27

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