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H&R Block stock takes a hit after disappointing financial results

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H&R Block Inc.'s stock opened down $1.59 a share, or 4.7 percent, on Tuesday, after the company reported that its losses increased 10 percent during the second quarter of its fiscal year 2015, ended Oct. 31. H&R Block (NYSE: HRB) saw losses from continuing operations increase to $113 million in the second quarter. H&R Block typically posts a loss in the second quarter. However, the loss of 45 cents a share was greater than expected and caused the company to miss analysts expectations for a loss…

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