correction: corrects the second para to say analysts expected a loss, not profit.
H&R Block Inc. (HRB), the largest US tax preparer, posted a narrower second-quarter net loss from continuing operations of $101 million, or $0.37 per share, compared with $123 million, or $0.41 per share last year. Also, quarterly net loss narrowed to $105.2 million, or $0.39 per share, from the year-ago quarter's $141.7 million, or $0.47 per share.
Adjusted net loss from continuing operations amounted to $100 million, or $0.37 per share, the company said. On average, 6 analysts polled by Thomson Reuters expected loss per share of $0.40 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the second quarter went up 6 percent to $137 million, from $129 million in the previous year, due mainly to a strong tax season in Australia. Analysts estimated revenues of $130.47 million for the quarter.
An earlier announced quarterly cash dividend of 20 cents per share is payable on January 2, 2013 to shareholders of record as of Dec. 10, 2012.
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