H&R Block Announces Earnings

H&R Block (HRB) announced that fiscal fourth-quarter profit fell by 11 percent from the same period last year due to restructuring costs and lower revenue. Net income fell to $586.1 million, or $1.99 per share, from $658.6 million, or $2.14 per share last year and revenue fell 2 percent to $2 billion from $2.05 billion.

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