KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Tuesday reported a loss of $223.7 million in its fiscal second quarter.
On a per-share basis, the Kansas City, Missouri-based company said it had a loss of $1.18. Losses, adjusted for one-time gains and costs, came to $1.09 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 93 cents per share.
The tax preparer posted revenue of $176.6 million in the period.
H&R Block shares have decreased 25% since the beginning of the year, while the Standard & Poor's 500 index has climbed 14%. The stock has fallen 24% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRB at https://www.zacks.com/ap/HRB
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