Net income in the fiscal third quarter ended Jan 31 fell to $18.2 million, or 61 cents per share, from $27.5 million, or 83 cents, a year earlier. Revenue fell 15 percent to $97.6 million.
NEW YORK (Reuters) - Jackson Hewitt Tax Service Inc <JTX.N>, the second-largest U.S. tax preparer, on Tuesday said quarterly profit fell 34 percent, hurt by what it called a disappointing start to the U.S. tax filing season.
Net income in the fiscal third quarter ended Jan 31 fell to $18.2 million, or 61 cents per share, from $27.5 million, or 83 cents, a year earlier. Revenue fell 15 percent to $97.6 million.
Analysts on average expected profit of 99 cents per share on revenue of $119.1 million, according to Reuters Estimates.
The company is based in Parsippany, New Jersey.
!ADVERTISEMENT!(Reporting by Jonathan Stempel; editing by John Wallace)
