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* H&R; Block Inc. warned that fiscal-year earnings will miss analyst estimates in part because of overstaffing at the end of tax season. The tax preparer said it expects net income of $2.52 to $2.55 a share for the year ended April 30, well short of the average estimate of $2.71 a share. H&R; Block shares closed off 88 cents at $31.38 on the NYSE.
* Lands’ End Inc. said fiscal first-half sales will be lower than expected, sending shares down as much as 15%. The catalog retailer’s sales for the six months ending July 28 will be almost unchanged from a year earlier, excluding $12.5 million in sales last year from a discontinued unit, the company said. Lands’ End had expected a percentage increase in the low single digits. Lands’ End shares fell $4.19 to close at $29.94 on the Big Board. It was the company’s second warning this year.
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