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H&R Block Easily Tops Estimates
H&R Block (HRB Quote) easily beat analysts' third-quarter earnings estimates as the company's tax preparation and mortgage business segments posted double-digit increases in revenue.
For the third quarter ended Jan. 31, 2002, the company earned $29.6 million, or 16 cents a share, up from $4.5 million, or 2 cents a share, in the same period a year ago. According to First Call, analysts were expecting a profit of 9 cents.
Revenue for the third quarter rose 11% to $728 million from $656 million in the 2000 third quarter. ...
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