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H&R Block Inc.

H&R Block Drops on Profit Outlook, Job Cut Plan

  April 27, 2012

H&R Block Inc. dropped the most in almost eight months after the tax preparer announced preliminary profit and revenue that trailed analysts’ estimates and said it would cut about 350 jobs and close offices. H&R Block fell 11 percent today to $14.95, the most since Sept. 2, and has declined 8.5 percent this year. Diluted earnings per share from continuing operations for the fiscal year ending April 30 may be $1.09 to $1.15, the Kansas City, Missouri-based company said.

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