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H&R Block fiscal Q4 profit falls 17.3% YOY

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H&R Block fiscal Q4 profit falls 17.3% YOY

4001615 said its normalized net income for the fiscal fourth quarter ended April 30 amounted to $2.67 per share, compared with the S&P Capital IQ consensus estimate of $2.68 per share.

EPS declined 19.4% year over year from $3.31.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $756.3 million, a decline of 17.3% from $914.2 million in the year-earlier period.

The normalized profit margin dropped to 32.9% from 35.7% in the year-earlier period.

Total revenue decreased 10.2% year over year to $2.30 billion from $2.56 billion, and total operating expenses came to $1.09 billion, compared with $1.09 billion in the year-earlier period.

Reported net income fell 20.0% from the prior-year period to $743.4 million, or $2.62 per share, from $929.3 million, or $3.36 per share.

For the year, the company's normalized net income totaled $1.68 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.73.

EPS declined from $1.70 in the prior year.

Normalized net income was $464.3 million, a fall from $469.7 million in the prior year.

ull-year total revenue rose year over year to $3.08 billion from $3.02 billion, and total operating expenses rose year over year to $2.28 billion from $2.21 bi H&R Block Inc..