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Why H&R Block Stock Was Soaring Today

TheMotleyFool

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Why H&R Block Stock Was Soaring Today: https://g.foolcdn.com/editorial/images/787472/woman-working-on-taxes-at-her-desk.jpg

Shares of tax prep specialist H Block (NYSE: HRB) were soaring today after the company beat bottom-line 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 in the quarter rose 3% to $1.062 billion, beating the consensus at $1.03 billion. On the bottom line, increased spending on marketing and higher wages and benefits weighed on profits, and earnings per share (EPS) fell from $2.05 to $1.89, though that still beat estimates at $1.74.

Source Fool.com