WASHINGTON (dpa-AFX) - H&R Block Inc. (HRB) revealed earnings for fourth quarter that decreased from last year.
The company's earnings came in at $463.46 million, or $2.39 per share. This compares with $884.77 million, or $4.32 per share, in last year's fourth quarter.
Excluding items, H&R Block Inc. reported adjusted earnings of $583.57 million or $3.01 per share for the period.
Analysts had expected the company to earn $2.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 22.3% to $1.81 billion from $2.33 billion last year.
H&R Block Inc. earnings at a glance:
-Earnings (Q4): $583.57 Mln. vs. $897.29 Mln. last year. -EPS (Q4): $3.01 vs. $4.39 last year. -Analysts Estimate: $2.61 -Revenue (Q4): $1.81 Bln vs. $2.33 Bln last year.
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