Schaumburg Attorneys

Schaumburg Attorneys

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Earning rise
Observed Today its earnings guidance for the year even as preliminary results showed solid gains in tax-preparation and related fees for the 2006 tax season. The Kansas City tax preparation giant said it expects full-year earnings per share to come in slightly below the low end of its previous range of $1.65 to $1.85. Block cited weaker-than-expected results from mortgage services. Block had said slower-than-expected business in its tax and mortgage units would cut profit to between $1.65 and $1.85 per share. The company's mortgage business saw quarterly revenue decline 4 percent in the third quarter, as rising interest rates cut into margins. Looking...

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