H&R Block posts lower 2nd-quarter loss

Thu Dec 6, 2012 5:07am EST

Dec 6 (Reuters) - U.S. tax preparer H&R Block Inc reported a lower quarterly loss, helped by higher savings from cost reduction measures aimed at narrowing its focus to its core tax business.

Net loss fell to $101 million, or 37 cents per share, for the second quarter from $123 million, or 41 cents per share, a year earlier.

Total revenue rose 6 percent to $137 million, boosted by a strong tax season in Australia.