Liberty Tax (TAX) Misses Q2 EPS by 1c
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Liberty Tax Service Announces Fiscal 2017 Second Quarter Results
December 8, 2016 6:30 AM ESTVIRGINIA BEACH, VA -- (Marketwired) -- 12/08/16 -- Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, today reported results for the second quarter ended October 31, 2016.
The Company typically reports a loss in the first and second quarters when revenues are low and costs are ramping up to drive growth in the following tax season. In the second quarter of fiscal 2017, the Company reported a GAAP net loss of $9.3 million, or $0.72 per share, compared to a loss of $9.1 million, or $0.71 per share in the prior year period.... More
