A quick start to this year's tax season sent shares of H&R Block Inc. up more than 12 percent in Wednesday morning trading.
Shares of Kansas City-based H&R Block were $3.24 higher at $29.
The company reported Tuesday, after financial markets had closed, that it saw a 3.4 percent increase in the number of returns it handled through the end of February. It saw gains throughout its slate of tax preparation services.
Client counts were up at Block stores, company-owned and franchise, up for its computer software products and up for its online tax preparation products.
The report followed a slow start to last year's tax season in which H&R Block said its declines were less than the IRS had seen nationally, which the company said meant its share of the market had grown.
Block again said that its business through the first half of this year's tax season was outpacing filings nationally as reported by the IRS.