Why H&R Block Stock Just Tanked

Shares of tax advisory company H&R Block (NYSE: HRB) are down 6.8% as of 2:55 p.m. EDT, despite the company reporting an earnings beat after close of trading yesterday.

Analysts had forecast that H&R Block would earn $5.13 per share in its fiscal fourth quarter 2021 (pro forma), but in fact, the company says its adjusted profit was $5.16. On the top line, however, the company's $2.33 billion in Q4 revenue fell just short of analysts' expected $2.35 billion.

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Source Fool.com