3 Stocks to Watch on Wednesday: Amazon.com, Inc. (AMZN), H&R Block Inc (HRB) and Veeva Systems Inc (VEEV)

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The dollar got stronger and the price of crude oil fell by 1.2% on a day that saw U.S. markets decline. The S&P 500 fell 0.2%, the Dow Jones Industrial Average declined 0.3% and the Nasdaq Composite lost 0.2%.

3 Stocks to Watch on Wednesday: Amazon.com, Inc. (AMZN), H&R Block Inc (HRB) and Veeva Systems Inc (VEEV)Several companies reported their quarterly results Tuesday afternoon, including H & R Block Inc (NYSE:HRB) and Veeva Systems Inc (NYSE:VEEV). Meanwhile, Amazon.com, Inc. (NASDAQ:AMZN) is taking another service to low, low prices.

Here’s a look at what you need to know:

H & R Block Inc (HRB)

H&R Block is sliding after its fiscal first-quarter results.

For the latest three-month period, the tax preparation company posted a net loss of 55 cents per share, which was slightly wider than analysts’ expectations for a 53-cent loss. Revenues of $125 million missed estimates of $8 million.

The company’s rough quarter can be attributed to a declining number of clients of its tax-prep services. That said, HRB typically posts wide losses in the first, second and third quarters of its fiscal year, and only actually earns money in fiscal Q4, which overlaps with tax season.

In April, the company announced that it was laying off 250 workers due after it handled 5.8% less tax returns than the previous year.

HRB stock was off 5% before Wednesday’s bell.

Veeva Systems Inc (VEEV)

Veeva Systems announced second-quarter figures that beat on the top and bottom line, and VEEV shares responded with a strong move higher in premarket trade.

The cloud-based software developer earned 15 cents per share for its recent three-month period, topping analyst expectations by 2 cents. Meanwhile, revenues of $131.3 million comfortably beat the consensus estimate of $126.6 million.

Veeva also surprised to the upside with its guidance, which includes earnings of 57 cents per share on sales of $518.3 million.

VEEV stock was up about 6% early Tuesday.

Amazon.com, Inc. (AMZN)

Amazon continued to expand its Prime Now service, offering free restaurant delivery to Prime members in Houston. Prime Now’s restaurant service also includes menu browsing and delivery tracking status.

With Houston in the fold, the service is now free for members in 14 cities, including Chicago, Los Angeles, San Francisco and New York City’s Manhattan borough.

Partner restaurants in the program include P.F. Chang’s, Thai Gourmet and Carraba’s. Delivery is guaranteed within an hour. Moreover, the service guarantees that food item prices won’t be marked up to compensate for the delivery.

AMZN shares are up nearly 14% for the year-to-date, more than doubling the market’s return.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/08/3-stocks-to-watch-on-wednesday-amazon-com-inc-amzn-hr-block-inc-hrb-and-veeva-systems-inc-veev/.

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