H&R Block's Net Loss From Continuing Operations Improves 18 Percent; 11 Percent Improvement on Adjusted Basis

Dec 06, 2012 (Marketwire via COMTEX) --H&R Block, Inc. (NYSE: HRB) today announced financial results for its fiscal second quarter ended Oct. 31, 2012. Due to the seasonality of its U.S. tax business, the company typically reports a second quarter operating loss.

Second Quarter 2013 Highlights1

•Total revenues grew 6 percent to $137 million due primarily to a strong tax season in Australia
•Net loss from continuing operations improved 18 percent to $101 million, or $0.37 per share2
•Adjusted net loss from continuing operations improved 11 percent to $100 million, or $0.37 per share
•The company remains on pace to deliver $85 to $100 million of pretax earnings from cost reduction initiatives in fiscal 2013

Second Quarter Results From Continuing Operations


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