3/9/2010-Shares of H&R Block (NYSE:HRB) are trading 2.9% lower to $16.25 premarket Tuesday after the biggest U.S. tax preparer said same-office tax returns prepared in retail operations for the fiscal 2010 tax season through Feb. 28 slid 6.8% year-over-year.
Russ Smyth, President and CEO of H&R Block, commented, "While we are disappointed with our early results this tax season, we remain committed to improving our performance as the remainder of the season unfolds. We expect to outperform our competitors regardless of the external factors like unemployment rates, but we have not done so to-date. We continue to believe that our focus on increasing client satisfaction, improving the quality of our service, enhancing our value perception and continuing to reduce our cost structure is the right formula for success."
Keywords: block H&R tax results Stock smartrend
Ticker(s): HRB
