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H&R Block posts 3Q loss; tax season figures rise EILEEN AJ CONNELLY - The Associated Press 08:35:23PM (ET) Wednesday,March 9,2011. ...
 
 
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Old 03-09-2011, 05:35 PM   #1
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Default H&R Block posts 3Q loss

H&R Block posts 3Q loss; tax season figures rise
EILEEN AJ CONNELLY - The Associated Press

08:35:23PM (ET) Wednesday,March 9,2011.

NEW YORK (AP) — H&R Block Inc. on Wednesday posted a net loss for its fiscal third quarter, but offered positive data on the first part of tax season.

Through February, the Kansas City, Mo.-based company said it prepared 6 percent more tax returns than a year ago. Total digital returns gained 13 percent, with online returns leaping 30 percent. The increase in online returns is a positive sign for Block, which has lagged the competition for do-it-yourself customers in recent years.

The positive data helped to offset Block's third-quarter results.

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