H&R Block, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2016. For the quarter, the company reported revenues of $131,332,000 against $128,415,000 for the same period in the last year. Total revenues increased $3 million as a result of favorable foreign exchange rates and the recognition of deferred revenues associated with the Peace of Mind product. Loss from continuing operations before income tax benefit was $228,469,000 against $237,719,000 for the same period in the last year. Net loss from continuing operations was $143,415,000 or $0.67 per basic and diluted share against $142,518,000 or $0.54 per basic and diluted share for the same period in the last year. Net loss was $146,220,000 or $0.68 per basic and diluted share against $145,007,000 or $0.55 per basic and diluted share for the same period in the last year. EBITDA was $160,099,000 against $181,145,000 for the same period in the last year. Adjusted pretax loss was $229 million against $225 million for the same period in the last year. Adjusted EBITDA was $160,676,000 against $168,760,000 for the same period in the last year. Adjusted net loss was $144 million or $0.67 per share against $135 million or $0.51 per share for the same period in the last year.

For the six months, the company reported revenues of $256,517,000 against $266,133,000 for the same period in the last year. Loss from continuing operations before income tax benefit was $432,018,000 against $424,828,000 for the same period in the last year. Net loss from continuing operations was $264,441,000 or $1.21 per basic and diluted share against $239,023,000 or $0.88 per basic and diluted share for the same period in the last year. Net loss was $269,893,000 or $1.24 per basic and diluted share against $244,666,000 or $0.90 per basic and diluted share for the same period in the last year. Net cash used in operating activities was $725,797,000 against $602,713,000 for the same period in the last year. Capital expenditures were $44,918,000 against $38,779,000 for the same period in the last year. EBITDA was $300,900,000 against $319,449,000 for the same period in the last year. Adjusted EBITDA was $300,665,000 against $306,106,000 for the same period in the last year.

The company expects its long-term effective tax rate to be approximately 34% to 36% with fiscal year 2017.