H&R; Block loss narrows
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H&R; Block Inc. said its fiscal second-quarter loss shrank as improvement in its off-season tax service was offset by losses in its banking division.
The nation’s largest tax preparer reported losing $135.9 million, or 41 cents a share, during the quarter ended Oct. 31. By comparison, the Kansas City company lost $502.3 million, or $1.55 a share, a year earlier.
The loss from continuing operations narrowed to $133.2 million, or 40 cents a share, from $134.9 million, or 42 cents a share.
Quarterly revenue fell 1.5% from $356.7 million to $351.5 million.
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