H&R Block reported that its fiscal 2008 revenues rose 10 percent to $4.4 billion, thanks to growth in its tax services business and the sale of its troubled Option One mortgage unit.

The company reported its first profitable quarter since 2006. Fourth-quarter net income was $543.6 million, or $1.66 per share, compared to a consolidated net loss of $85.6 million, or $0.26 per share in the fourth quarter of fiscal 2007.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access