Shares of H&R Block Inc. rallied Wednesday to top the S&P 500 after the tax-preparation company posted a smaller-than-projected quarterly loss and announced a new stock buyback program. H&R Block late Tuesday reported a fiscal first-quarter adjusted loss of 35 cents a share, better than the loss of 40 cents a share projected by analysts in a FactSet survey. Revenue grew 3.1% to $137.7 million. The company also unveiled a $3.5 billion stock repurchase plan. Shares of H&R Block jumped 6.6% to $35.10, bringing their year-to-date gains to 4.4%.
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