H&R Block lost $133.6 million in first quarter

Written on September 6, 2009

H&R Block Inc. said Friday that it lost $133.6 million in the first quarter, about the same as a year ago but slightly more than Wall Street expected, as acquisition expenses and other costs offset slightly higher revenue.

The nation’s largest tax preparer said its loss amounted to 40 cents per share, compared with a loss of $132 auto loans.7 million, or 41 cents per share, a year ago.