NEW YORK (TheStreet) -- Shares of H&R Block (HRB) were falling 2.9% to $33.10 after-hours Monday after the tax preparation company missed analysts' estimates for earnings and revenue in the fiscal second quarter.
H&R Block reported a loss of 45 cents a share for the second quarter, below analysts' estimates of a loss of 42 cents a share. Revenue grew 0.2% year over year to $134.62 million for the quarter, below analysts' estimates of $141.99 million.
"I am pleased with the progress we've made this offseason in preparation for tax season 2015. We've made important investments in our business this year, which will enable us to improve the customer experience and operate more productively in the coming years," president and CEO Bill Cobb said in a statement. "Our Tax Plus strategy is yielding results, and we look forward to continuing our strong momentum this tax season."
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TheStreet Ratings team rates BLOCK H & R INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLOCK H & R INC (HRB) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."