H&R Block (HRB) To Realign; Cuts 350 HQ Jobs, 200 Offices
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Price: $47.93 +0.59%
Revenue Growth %: +2.4%
Financial Fact:
Total revenues: -25K
Today's EPS Names:
NLY, CP, RUSHA, More
Revenue Growth %: +2.4%
Financial Fact:
Total revenues: -25K
Today's EPS Names:
NLY, CP, RUSHA, More
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H&R Block (NYSE: HRB) announces strategic realignment to realize net annualized savings of $85 to $100 million by end of fiscal year 2013.
Overall, the company plans to eliminate approximately 350 full-time positions throughout its Kansas City headquarters and nationwide field organization. The company also will streamline its seasonal workforce and close approximately 200 underperforming company-owned offices.
Expects fiscal 2012 total revenues of approximately $2.9 billion versus the consensus of $3 billion and GAAP diluted earnings per share from continuing operations of $1.09 to $1.15, versus the consensus of $1.39 (may not comapre)
Overall, the company plans to eliminate approximately 350 full-time positions throughout its Kansas City headquarters and nationwide field organization. The company also will streamline its seasonal workforce and close approximately 200 underperforming company-owned offices.
Expects fiscal 2012 total revenues of approximately $2.9 billion versus the consensus of $3 billion and GAAP diluted earnings per share from continuing operations of $1.09 to $1.15, versus the consensus of $1.39 (may not comapre)
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