Thursday, June 21, 2007

H&R Block Reports $85.5 million 4Q loss

Earlier today the tax return preparation company reported a $85.5 million, or 26 cents per share, fourth-quarter loss. The company’s mortgage lending division continued to struggle and offsets higher revenue from it’s tax and financial services divisions. The February-April fourth-quarter is when the tax preparation company sees the majority of its revenue because of tax season. By comparison, the company earned $587.5 million, or $1.79 per share, gain during the same period a year ago. You can read the full article at Yahoo News.

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