Tax-prep giant H&R Block Inc. trimmed its first-quarter loss to $28.3 million versus the year-ago-period, while posting a 26 percent rise in revenue, to $615 million.

"We've started the year with a strong first quarter, highlighted by double-digit revenue increases in all business segments," said Mark A. Ernst, chairman and chief executive officer, in a statement.  "Even with our continuing investment in new tax offices, we saw an improvement over the loss posted last year."

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