H&R Block, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2018. For the quarter, revenues were $488,426,000 against $451,882,000 a year ago. This is primarily the result of an increase in total U.S. client volumes of 4% through January 31, and planned inflationary increases and net average charge in assisted business. Loss from continuing operations before income taxes was $120,805,000 against $150,598,000 a year ago. Net loss from continuing operations was $242,925,000 against $101,212,000 a year ago. Net loss was $245,645,000 against $104,514,000 a year ago. Basic and diluted loss per share from continuing operations was $1.16 against $0.49 a year ago. Basic and diluted loss per share was $1.18 against $0.50 a year ago. LBITDA from continuing operations was $47,757,000 against $79,498,000 a year ago.

For nine months, revenues were $767,082,000 against $708,399,000 a year ago. Loss from continuing operations before income taxes was $562,289,000 against $582,616,000 a year ago. Net loss from continuing operations was $519,055,000 against $365,653,000 a year ago. Net loss was $529,778,000 against $374,407,000 a year ago. Basic and diluted loss per share from continuing operations was $2.49 against $1.71 a year ago. Basic and diluted loss per share was $2.54 against $1.75 a year ago. Net cash used in operating activities was $1,357,701,000 against $1,409,859,000 a year ago. Capital expenditures were $77,865,000 against $73,924,000 a year ago. LBITDA from continuing operations was $358,309,000 against $380,398,000 a year ago.

The company's expectations for revenue growth and margin are unchanged from the outlook provided in December 2017. The company expects its fiscal year effective tax rate to be 6%-9%, which is an update to the anticipated annual effective tax rate for fiscal 2018.

For fiscal 2019 and beyond, effective tax rate is expected to be in the 23% to 25% range.