H&R Block reports Q1 EPS ($1.05), consensus (1.12)

Reports Q1 revenue $183.8M, consensus $182.06M. Reports loss per share from continuing operations increased from $(1.05) to $(1.11) and adjusted loss per share from continuing operations increased from $(0.99) to $(1.05), due to fewer shares outstanding.We had a good start to the year and are reaffirming our outlook,” said Jeff Jones, H&R Block’s president and chief executive officer. “We continue to make progress across our Block Horizons imperatives, and we remain committed to delivering value to shareholders through our capital allocation. I am proud of the work that is being done and feel well-positioned to deliver results this fiscal year.” “First quarter results met expectations and we repurchased another $132.0 million of shares outstanding,” said Tony Bowen, H&R Block’s chief financial officer. “Our financial position is strong as we head into the second quarter.”