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Ann, H&R Block Report Earnings
Friday, March 8, 5:20 PM ET

Ann (ANN) announced that it earned $2.4 million, or 5 cents per share, up 9 percent from $2.2 million, or 4 cents per share, in the same period last year. Revenue increased by six percent to $607.7 million from $566.7 million. Sales at Ann Taylor brand stores increased by 7 percent to $255 million and sales at Loft brand stores increased by 7 percent to $352.7 million.

Analysts expected a profit of 1 cent per share on $608 million in revenue.

Shares are higher by about 7.6 percent.

H&R Block (NYSE:HRB) announced that it lost 6 cents per share, wider than the one cent per share in the same period last year. Revenue was $472 million, down 29% year over year, largely atributable to timing issues from the IRS opening its e-file system on January 30.

Shares are higher by about 9.2 percent.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

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