H & R Block (HRB) reported a wider second quarter net loss after Monday’s closing bell. The results missed analysts’ expectations, sending shares downward.
Inside HRB’s Results
Earnings
The company reported an adjusted net loss of $126 million, or 45 cents per share, compared with last year’s loss of $112 million, or 42 cents per share. On average, analysts expected to see a net loss of 42 cents per share.
Revenue
Revenue came in at $135 million, compared to $134 million a year ago. Analysts expected to see revenue of $142 million.
Mutual Funds to Watch
For investors seeking exposure to HRB, there are several mutual funds that have the company as a holding. Below are three mutual funds that currently own the largest stakes in HRB.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| FDSAX | SunAmerica Focused Dividend Strategy | 3.41% |
| ARTQX | Artisan Mid Cap Value Investor | 2.57% |
| VMCIX | Vanguard Mid Cap Index | 1.73% |
The Bottom Line
The funds above allow investors to gain exposure to HRB, while still remaining diversified. Investors interested in HRB may also be interested in Liberty Tax (TAX) and Intuit (INTU).