Block Revenue Drops As McGladrey Results Dip

H&R Block, which normally loses money outside of tax season, reported a loss of $128.6 million for the second quarter ended October 31 down from $135.9 million a year earlier as it cut operating expenses. The company saw revenue drop to $326.1 million, down 7.2 percent from $351.5 million, on weaker results in its business services segment, the RSM McGladrey business.

 

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