Newz(HRB) on Tuesday reported fiscal fourth-quarter earnings of $293.7 million. The Kansas City, Missouri-based company said it had net income of $2.30 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.38 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share. The tax preparer posted revenue of $1.14 billion in the period, which also topped Street forecasts.
Three analysts surveyed by Zacks expected $1.12 billion. For the year, the company reported profit of $733.6 million, or $5.66 per share. Revenue was reported as $3.95 billion.
H&R Block expects full-year earnings in the range of $6.04 to $6.24 per share, with revenue in the range of $4.11 billion to $4.16 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRB at https://www.zacks.com/ap/HRB Source
(LITE) on Tuesday reported a loss of $7.16 billion in its fiscal fourth quarter. The San Jose, California-based company said it had a loss of $84.65 per share. Earnings, adjusted for one-time gains and costs, were $3.23 per share.
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.99 per share. The optical networking products maker posted revenue of $1.01 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $988.6 million.
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