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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • H&R Block Revenue And Earnings Rise 0 comments
    Jun 11, 2014 11:14 AM | about stocks: 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.

    Themes: financial results, earnings Stocks: HRB
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