FastSwings.com

   Stocks, Stock Swings, Options, and Option Trades

   Disclaimer: Consult a Financial Advisor prior to taking the advice offered. By reading this blog site you agree to not hold any authors or FastSwings.com responsible for market loses that you may incur.

 Subscribe in a reader

Subscribe to FastSwings by Email


Designer Checks Offer BNTR $5.50 box

H&R Block Earnings and Stock Buyback

Sep 03 2015

hrblock

H&R Block jumped higher yesterday by 6% at the open after the company posted a smaller loss and better revenue than anticipated. The company also announced a stock buyback program of $3.5 billion in addition to closing its banking business a month ahead of schedule.

The company’s adjusted gross earnings for the first quarter came in at a loss of $96 million with revenue of $138 million. Analyst were looking for $108 million loss, the same as last year, and revenue of $134 million.

The stock buyback program will be completed in August of 2016. The program includes a Dutch auction of $1.5 billion in stock between the prices of $37 and $32.25.

What to Watch Tuesday: Discount Retailer Earnings; Motor Vehicle Sales

Our FaceBook Page

Market Summary

Translate

Sponsors





Categories