Investing.com - H&R Block Inc's (NYSE:HRB) shares were falling in after hours trade as investors reacted to the company’s latest, fiscal first quarter results.
The tax preparer posted a loss of $0.63 per share in the quarter, larger than the $0.56 per share loss in the comparable quarter and a penny above the $0.62 per share loss analysts expected. A loss is typical in the company’s fiscal first quarter as it is a time of low business activity.
Revenue rose 10% to $138 million and topped the consensus analyst forecast for $129 million.
H&R closed the regular session down 1.3%, and losses increased in the after hours session. At last check, shares were down 4.6%.