H&R Block performed miserably in the 2009 tax season, handling 5.8 percent fewer in-store, retail tax returns, as clients sought lower-cost IRS filing alternatives due to difficult economic conditions. Can the largest provider of tax preparation services in the U.S, with almost 13,000 retail outlets, draw more customers to its...
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Kartik Mehta - FTN Midwest Research. Kartik Mehta - FTN Midwest Research I wanted to ask you about your comments about the tax business. You said the IRS anticipates tax returns to be down...
H&R Block Block (HRB) was downgraded today by analysts at Morgan Stanley and the stock is now at $19.25, down $0.21 (-1.08%) on volume of 3,092,123 shares traded. The analysts redu...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
While most of our Ultimate Stock-Pickers have yet to file their third-quarter holdings with the SEC, we continue to get the chance to sift through the holdings, purchases, and sales of managers who have posted their September 30th holdings through other means, much like we did last week with the Oak Value Fund[More...]
BloggingStocks: Analyst upgrades:
Microsoft (NASDAQ: MSFT) was upgraded to Buy from Hold by Canaccord, which cited the company's strong Q1 results.
Pali Capital raised T. Rowe Price (NASDAQ: TROW) to Neutral from Sell following the company's ... Read more
H&R Block Inc.’s (HRB) first quarter (ended July 31) results were two cents below the Zacks Consensus Estimate as higher losses in its Tax Services segment more than offset the gains from improved pre-season results from Business Services and lower corporate expenses.
For the quarter, the company reported a net loss from continuing operations of 39 [...]
Stock futures pared early gains and are trading narrowly mixed after the latest read on the job market. August non-farm payrolls fell by 216,000, the government reported, slightly fewer cuts than Wall Street economists expected. But the decline marks the 20th straight month for contraction and serves as a reminder that any job market recovery typically lags signs of revival in other pockets of the economy.[More...]
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