From the article:
earnings beat on both the top and bottom lines, driven by its artificial intelligence iniatives. The company reports revenue of $1.06 billion, surpassing estimates of $1.05 billion. Adjusted EPS also beat estimates at $1.89, above the projected $1.74.
Regarding the newly added AI tax assist feature, Jones {CEO} explains, “We're not forcing people down a certain path.” Customers can choose between in-person help at H&R Block stores, the DIY version, or AI assistance.
“Our brand is grounded in human help, and we think the combination of artificial intelligence to help the consumer and artificial intelligence to help our tax professionals is really where we're headed,” Jones tells Yahoo Finance.
Also note they raised their guidance: “FY2025 EPS of $5.15-$5.35, versus the consensus of $4.30. H&R Block sees FY2025 revenue of $3.69-3.75 billion, versus the consensus of $3.575 billion.”
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