H&R Block delayed its Form 10-Q filing for its fiscal 2008 second quarter after hiring a new auditor, but reported a wider loss as the tax prep giant continues to experience fallout from its mortgage business.
The company reported a net loss of $502.3 million, or $1.55 per share, for the quarter, compared with a loss of $156.5 million, or $0.49 per share, in the year-ago period. Nearly all of the wider loss was due to Block's discontinued subprime mortgage business.
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