H&R Block

(HRB) - Get Report

swung to a profit of $47.4 million, or 14 cents a share, in the third quarter from a year-earlier loss of $47.4 million, or 14 cents a share, as it experienced growth in the number of tax returns prepared and higher tax preparation fees.

Revenue in the quarter rose to $993.4 million from $894.8 million in the same period a year earlier. Tax services revenue rose 15.1% to $761.7 million.

Income from continuing operations in the third quarter ended Jan. 31 was $66.8 million, or 20 cents a share, up from $7.1 million, or 2 cents a share, a year earlier.

Analysts surveyed by Thomson Reuters expected earnings of 10 cents a share on revenue of $975.3 million.

The company said the number of tax returns its retail offices and digital products prepared increased 3% through the first month of the income tax season.

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