Why H&R Block Stock Was Soaring Today
BLOCK(SQ) The Motley Fool·2024-08-17 01:00
H&R Block gave strong guidance for the new fiscal year and raised its dividend.Shares of tax prep specialist H&R Block (HRB 13.74%) were soaring today after the company beat bottom-line estimates and rewarded investors with a dividend hike. As of 10:35 a.m. ET, the stock was up 18.2%. H&R Block gets it doneRevenue in the quarter rose 3% to $1.062 billion, beating the consensus at $1.03 billion. On the bottom line, increased spending on marketing and higher wages and benefits weighed on profits, and earnings ...