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H&R Block Revenue And Earnings Rise

|Includes:H&R Block Inc. (HRB)

Originally published at www.seclive.com

H&R Block, Inc. (NYSE:HRB) announced its financial results for the fourth quarter and full fiscal year 2014, reporting increases in revenue and earnings. The consumer tax service provider posted a 4.1% increase in revenue to $3.02B, with the volume of prepared tax returns declining 2.6% to 24.2 million worldwide. Despite the decline in prepared tax returns, revenue increased thanks to the company discontinuing its free federal 1040EZ filings. H&R Block has also focused on making improvements to its online tax software, in what could be perceived as a bid to more directly compete with online tax service providers like Intuit's (NASDAQ:INTU) TurboTax. President and CEO Bill Cobb commented that the company had a very strong year and successfully made moves during the year that will position it better for 2015 and beyond.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: HRB