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More on H&R Block (HRB): FQ3 misses on all counts as total sales declined by 29% Y/Y. Net...

More on H&R Block (HRB): FQ3 misses on all counts as total sales declined by 29% Y/Y. Net losses also widened as a delay to the start of the U.S. tax season negatively impacted its top line. Even so, the company only deferred $15M of revenue into FQ4, which doesn't even come close to mitigating its $91.6M shortfall for the current quarter. Gross margin also narrowed to 20% from 31.4%, due to the revenue decrease. Despite the miss, optimism over a potential pickup in U.S. tax volume has the stock +3.3% AH.

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Comments (1)
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    wow, this market needs a substantial pullback to put some reality back in stock prices/expectations.

     

    This one is going on my "to short" list..
    7 Mar 2013, 07:34 PM Reply Like
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