December 6, 2012 / 10:10 AM / 5 years ago

H&R Block posts lower 2nd-quarter loss

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.

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