Jackson Hewitt Reports Q2 2011 EPS of $(0.66)

Jackson Hewitt Tax Service Inc. JTX today reported a net loss of $19.4 million, or $0.67 per basic and diluted share for the second quarter of fiscal 2011, versus a net loss of $19.5 million in the second quarter of fiscal 2010, or $0.68 per basic and diluted share. On an adjusted basis, Jackson Hewitt's net loss in the 2011 second quarter was $19.0 million, or $0.66 per basic and diluted share, versus an adjusted net loss of $18.9 million, or $0.66 per basic and diluted share, in the year ago quarter. A schedule entitled Condensed Adjusted Results of Operations, which reconciles the reported and adjusted results, accompanies this earnings release.