Investing.com - H&R Block reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
H&R Block announced earnings per share of $-1.09 on revenue of $176.55M. Analysts polled by Investing.com anticipated EPS of $-0.9389 on revenue of $163.68M.
H&R Block shares are up 17% from the beginning of the year, still down 34.81% from its 52 week high of $25.11 set on January 16. They are outperforming the S&P 500 which is up 14.59% from the start of the year.
H&R Block shares lost 7.51% in intra-day trade following the report.
H&R Block follows other major Services sector earnings this month
H&R Block's report follows an earnings beat by Walmart on November 17, who reported EPS of $1.34 on revenue of $134.7B, compared to forecasts EPS of $1.18 on revenue of $132.12B.
Home Depot had beat expectations on November 17 with third quarter EPS of $3.18 on revenue of $33.54B, compared to forecast for EPS of $3.05 on revenue of $31.83B.
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