H&R Block, Inc. (HRB)
Shares of HRB climbed more than 7% in the extended session Tuesday after the company delivered narrower-than-expected quarterly loss in its financial results.
For its first quarter fiscal 2016, HRB posted revenue of $137.7 million, a 3% increase year over year, and non-GAAP (excluding non-recurring items) net loss of ($95.9) million, or ($0.35) per diluted share, compared to non-GAAP net loss of ($107.6) million, or ($0.40) per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of ($0.39) loss per share on revenues of $136.1 million for the period
Separately, HRB said that it has successfully closed its transaction to divest H&R Block Bank, selling certain assets and transferring certain liabilities, including all of its deposits, to BofI Federal Bank. a full month earlier than expected.
According to HRB, the company intends to establish a new capital structure that it believes appropriately reflects the capital needs of the business and positions the company for continued shareholder value creation. Included in this plan is a $3.5 billion share repurchase program, a new committed line of credit, and incremental debt.
HRB is the world’s largest consumer tax services provider.
More about H&R Block, Inc. (HRB) at www.hrblock.com
Ford Motor Co. (F)
F shares surged in after-hours trading Tuesday as the company reported its best August U.S. sales in nine years on strong demand for new cars, SUVs and trucks.
F‘s sales totaled 234,237 vehicles, representing a 5% increase year over year.
The company will host an Investor Day in New York City beginning at approximately 8:30 a.m. EDT Friday, Oct. 30, 2015. Access details will be provided prior to the event.
F manufactures and distributes automobiles worldwide.
More about Ford Motor Co. (F) at www.ford.com
Crown Equity Holdings Inc. (CRWE)
The company is currently developing its CRWE WORLD ( www.crweworld.com ), a community targeted platform which goal is to be a one-stop shop for the various needs of online consumers in a range of marketing specialties like Real Estate, Coupons & Deals, Business Directory and more
CRWE WORLD’s business model is based on selling advertising to businesses targeting their marketing message locally, nationally, internationally and also to target potential clients for an specific location, such as within a certain zip code.
CRWE’s Curbiz ( www.curbiz.com ), in development stage, is an online business directory connecting people with local, state, country and global businesses. Curbiz will provide local advertising services, including free and paid business listing services to businesses of various sizes, as well as enable businesses to deliver targeted search advertising to large local audiences through its Website and partnership with the CRWE WORLD Network.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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