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H&R Block Losses Widen As Customers Delay Filing

As consumers wait longer to file their taxes, H&R Block is feeling the pinch. It was revealed on Thursday that the long-established tax services company had posted greater-than-expected losses for the last quarter due to consumer delays.  The company is also facing currency headwinds impacting business from overseas.

Typically, H&R Block has posted losses for quarters outside the normal tax season; however, these recent losses revealed a deeper downturn for the same period last year, missing expectations from Wall Street. As a result, shares slipped 5.1% in after-hours trading, leaving the stock at $31.22, which is down … Read the rest