H&R Block, Inc. (HRB) Misses Q4 EPS by 7c
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H&R Block, Inc. (NYSE: HRB) reported Q4 EPS of $2.54, $0.07 worse than the analyst estimate of $2.61. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.27 billion.
CEO Perspective
"Considering the challenges the industry faced this tax season, we're pleased to have executed well and delivered improved profits," said Bill Cobb, H&R Block's president and chief executive officer. "While there is opportunity for improvement, we remain committed to our long-term strategy of balancing client acquisition with earnings growth. Consistent with this strategy, we made a number of decisions this year to optimize our promotional offerings and distribution channels in both the assisted and digital do-it-yourself categories. Though some of these actions negatively impact total client volume, we improved overall profitability, while maintaining our overall share of the U.S. market. We also gained share for the third consecutive year in the important digital online category," added Cobb.
For earnings history and earnings-related data on H&R Block, Inc. (HRB) click here.
CEO Perspective
"Considering the challenges the industry faced this tax season, we're pleased to have executed well and delivered improved profits," said Bill Cobb, H&R Block's president and chief executive officer. "While there is opportunity for improvement, we remain committed to our long-term strategy of balancing client acquisition with earnings growth. Consistent with this strategy, we made a number of decisions this year to optimize our promotional offerings and distribution channels in both the assisted and digital do-it-yourself categories. Though some of these actions negatively impact total client volume, we improved overall profitability, while maintaining our overall share of the U.S. market. We also gained share for the third consecutive year in the important digital online category," added Cobb.
For earnings history and earnings-related data on H&R Block, Inc. (HRB) click here.
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