Liberty Tax: Fiscal 4Q Earnings Snapshot

VIRGINIA BEACH, Va. (AP) _ Liberty Tax Inc. (TAXA) on Thursday reported fiscal fourth-quarter profit of $30.4 million.

The Virginia Beach, Virginia-based company said it had profit of $2.21 per share. Earnings, adjusted for non-recurring costs, came to $2.46 per share.

The tax preparer posted revenue of $85.7 million in the period.

For the year, the company reported a loss of $2.2 million, or 16 cents per share, swinging to a loss in the period. Revenue was reported as $132.5 million.

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Liberty Tax shares have dropped 16% since the beginning of the year. The stock has risen 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAXA at https://www.zacks.com/ap/TAXA

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