H and R Block (HRB) NewsBite - HRB Falls on Earnings

Posted: Friday, September 04, 2009 11:09 AM EDT

H and R Block (NYSE: HRB) opened at $16.63. So far today, the stock has hit a low of $16.53 and a high of $16.94. HRB is now trading at $16.62, down $0.39 (-2.29%). Over the last 52 weeks the stock has ranged from a low of $13.73 to a high of $27.97. HRB shares are declining this morning after the company reported it lost $133.6 million, or 40 cents per share, during its fiscal first quarter. Excluding items, HRB lost 39 cents per share, worse than analysts' estimates of a 37-cent loss. Technical indicators for the stock are neutral and S&P gives HRB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HRB the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 19 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (HRB)