Why H&R Block Stock Soared Today

The actions of the tax preparation specialist H&R Block (NYSE: HRB) rose today after the company beat final estimates and rewarded investors with a dividend hike. As of 10:35 a.m. ET, the stock was up 18.2%.

Image source: Getty Images.

Revenue for the quarter rose 3% to $1.062 billion, beating the consensus estimate of $1.03 billion. Bottom line, higher marketing spending and higher wages and benefits weighed on profits, and earnings per share (EPS) fell from $2.05 to $1.89, though they still beat estimates of $1.74.

Continue reading