H&R Block Inc., which has offices throughout Connecticut, said today it had a third-quarter profit as it prepared more tax returns in the early season and saw smaller losses from discontinued operations.
The Kansas City-based company reported earning $47.4 million, or 14 cents per share, during the three months ended Jan. 31. By comparison, H&R Block lost $47.4 million, or 15 cents per share, in the year-earlier period.
Analysts surveyed by Thomson Reuters had expected earnings of 10 cents per share.
Revenue rose 11 percent to $993.5 million, surpassing analysts’ expectations of $975.3 million.
The company says the number of tax returns its retail offices and digital products prepared increased 3 percent through the first month of the income tax season. (AP)
