Jackson Hewitt Tax Service Inc. (JTX) announced that its fourth quarter net income was $41.3 million or $1.45 per share, compared to $57.5 million or $2.02 per share in the year ago quarter.
Adjusted net income for the quarter was $48.21 million, down from $57.5 million in the year ago quarter. Adjusted net income for the quarter was $1.69 per share, compared to $2.02 per share in the year ago quarter.
Total revenues for the quarter were $141.2 million, down from $169.4 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.64 per share on revenues of $144.51 million for the quarter. Analysts' estimates typically exclude special items.
The company announced that it intends to increase the number of directors on the Board from six to seven and that it will nominate Peter Reilly to stand for election to the Board at Jackson Hewitt's 2009 Annual Meeting of Stockholders to be held in September.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.