Bloomberg SAN FRANCISCO (MarketWatch) — H&R Block Inc. shares surged in the extended session Thursday after the tax preparation firm said it agreed to sell its bank assets.
/quotes/zigman/219890/delayed/quotes/nls/hrb HRB 28.42, -0.76, -2.60% H&R Block 12-month stock price
H&R Block (HRB) shares rose 7.3% to $30.50 on moderate volume after the firm said it agreed to sell certain bank assets and liabilities to BofI Federal Bank for an undisclosed price. The deal should dilute fiscal 2015 earnings by 7 cents to 9 cents a share, H&R Block said. Shares of BofI Holding Inc. (BOFI) rose 10% to $82 in light volume.
Gap Inc. (GPS) shares fell 2.5% to $38.30 on heavy volume after the apparel retailer reported a 6% decline in March same-store sales. Analysts surveyed by Thomson Reuters expected a 4.7% decline in March same-store sales.
Gap also reaffirmed its earnings guidance of $2.90 to $2.95 a share for the year. Analysts surveyed by FactSet expect earnings of $2.95 a share.
U.S. shares of NQ Mobile Inc. (NQ) fell 7.9% to $14.72 on moderate volume after the mobile Internet services company reported adjusted fourth-quarter earnings of 22 cents a share on revenue of $67.9 million. Two analysts who follow the company forecast an average of 23 cents a share on revenue of $62.8 million, according to FactSet. NQ expects $75 million to $76 million in revenue in the first quarter, while analysts had expected an average of $66.8 million.
Amazon.com Inc. (AMZN) shares rose 0.1% to $317.50 in moderate trading after the online retailer said it would buy digital comics company comiXology for an undisclosed sum.
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