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Shares of H&R Block (NYSE:HRB) jumped more than 2 percent in late afternoon hours, despite reporting weaker-than-expected quarterly results. Net income rose to $664.3 million ($2.42 per share), compared to $586.1 million ($1.99 per share) a year earlier. Analysts were expecting earnings of $2.61 per share. “Considering the challenges the industry faced this tax season, we’re pleased to have executed well and delivered improved profits,” said Bill Cobb, president and chief executive officer.

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