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KANSAS CITY, Mo. - H
The tax preparation company was able to cut costs to help offset weaker revenue stemming from these conditions, but it reported fiscal fourth-quarter results that fell short of market expectations.
Total revenue increased to $2.2 billion from $2 billion.
Analysts, on average, expected earnings of $2.61 per share, on revenue $2.28 billion, according to FactSet.
The company decided this year to increase its push for assisted and digital do-it-yourself categories as part of a long-term growth strategy. H
The company earned $433.9 million, or $1.58 per share, for the full fiscal year versus $265.9 million, or 89 cents per share, last year. It earned $1.59 per share on an adjusted basis. Revenue increased to $2.91 billion from $2.89 billion.
Shares of the Kansas City, Mo.-based rose 17 cents in after-hours trading to $29. The stock was down about 2 per cent at the end of regular trading.
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