H&R Block (NYSE: HRB) reported Q3 EPS of ($0.59), $0.04 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $519 million versus the consensus estimate of $485.55 million.

Fiscal Third Quarter Highlights1

• Revenues for the fiscal third quarter ended January 31, 2020 increased 11%, to $519 million due to improved tax return volumes in both Assisted and DIY, as well as revenues from acquired franchises and Wave.
• Loss per share from continuing operations2 increased $0.08 to $0.66 and adjusted loss per share from continuing operations2,3 increased $0.07 to $0.59.
• The company reiterated its revenue growth and margin outlook for the full fiscal year.
• The company repurchased 2.8 million shares at an aggregate price of $66 million, bringing total repurchases for the year to 10.1 million shares at an aggregate price of $247 million.

"We're making progress on our strategy to transform our business by connecting human expertise with technology to drive transparency and value for consumers and small business owners," said Jeff Jones, H&R Block's president and chief executive officer. "We're seeing the positive results of these efforts in our Assisted business and will apply learnings from the first half to deliver on our outlook for the fiscal year."

"We're pleased with our strong revenue growth in the fiscal third quarter," said Tony Bowen, H&R Block's chief financial officer. "While we have realized some one-time expense increases, we still expect to deliver on our revenue growth and margin outlook for the fiscal year."

For earnings history and earnings-related data on H&R Block (HRB) click here.