H&R Block (HRB) Misses Q1 EPS by 2c

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H&R Block Announces Fiscal 2017 First Quarter Results

August 30, 2016 4:20 PM EDT

KANSAS CITY, MO -- (Marketwired) -- 08/30/16 -- H&R Block, Inc. (NYSE: HRB) today released its financial results for the fiscal 2017 first quarter ended July 31, 2016. The company normally reports a first quarter operating loss due to the seasonality of its tax business. The fiscal first quarter typically represents less than 5% of annual revenues and less than 15% of annual expenses.

"Because of the highly seasonal nature of our business, the fiscal first quarter is not indicative of our full year results. That said, all of the company's efforts remain laser-focused on... More