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H&R Block Inc.

September 3, 2011

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The nation’s biggest tax preparer slumped as a first-quarter loss widened 36 percent on charges related to the sale of its RSM McGladrey consulting unit. The net loss from continuing operations was $173.4 million, or 57 cents a share, compared with a loss of $127.6 million, or 40 cents, a year earlier, Missouri-based Block said. Revenue fell 2.5 percent to $267.6 million as revenue from business services fell 4.3 percent to $167.3 million.