H&R Block Inc. (NYSE: HRB) posted a substantially lower loss in its fiscal third quarter than usual, thanks largely to an earlier opening of the Internal Revenue Service's e-file system this tax season.
The early opening resulted in a $309 million boost to the company's fiscal third-quarter revenue ended Jan. 31, to $509 million. However, expenses jumped 11.5 percent to $584.2 million.
Overall, H&R Block posted a loss of $36.95 million in the third quarter, a major improvement from the loss of…
H&R Block Inc. (NYSE: HRB) posted a substantially lower loss in its fiscal third quarter than usual, thanks largely to an earlier opening of the Internal Revenue Service's e-file system this tax season.
The early opening resulted in a $309 million boost to the company's fiscal third-quarter revenue ended Jan. 31, to $509 million. However, expenses jumped 11.5 percent to $584.2 million.
Overall, H&R Block posted a loss of $36.95 million in the third quarter, a major improvement from the loss of…