H&R Block updated lower-than-expected earnings guidance, causing its stock to dip despite beating quarterly estimates.

H&R Block updated its fiscal year 2025 earnings guidance to $5.15-5.35 EPS, with revenue projected at $3.69-3.75 billion, slightly below analysts' expectations. The company's stock fell to $59.18 on Friday. H&R Block reported an EPS of $1.89 for the quarter, beating estimates by $0.15, and announced a $1.5 billion share buyback plan. Analysts have provided mixed ratings, with Goldman Sachs raising its price target and StockNews.com downgrading the stock.

November 11, 2024
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