H&R Block shares fall after revenue miss, reiterates full-year outlook

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H&R Block Inc. shares fell less than 1% in the extended session Wednesday after the company reiterated its revenue growth outlook for the year and reported missed Wall Street’s revenue expectations. The tax software company reported a fiscal second-quarter net loss of $188 million, which amounts to 95 cents a share, versus a net loss of $176.3 million, or 86 cents a share, in the year-ago period. Adjusted for the amortization of intangibles related to acquisitions, among other things, losses were 85 cents a share. Revenue rose to $160.8 million from $148.9 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 92 cents a share on revenue of $161.1 million. For the fiscal third quarter, analysts model losses of 60 cents a share and sales of $488 million. H&R Block shares have fallen 7.8% this year, as the S&P 500 index rose 23%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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