Late on Monday, tax preparer H&R Block Inc (NYSE: HRB) said that it second quarter net loss narrowed to $135.9 million, or 41 cents a share, from a loss of $502.3 million, or $1.55 in the corresponding quarter in 2007. Kansas City, Missouri-based company reported a loss from continuing operations of $133.2 million, or 40 cents a share compared with a loss of $134.9 million, or 42 cents in the year ago period. Analysts on average were looking for a loss of 41 cents a share. Revenue dropped 1% to $351.5 million, missing the Wall Street projection of $386 million. The company typically loses money in its fiscal first and second quarters, which fall outside the main U.S. tax filing season. Chairman Richard Breeden said H&R Block is heading into that season "in a stronger position" than last year. Looking forward, the company affirmed its September estimate of full-year profit from continuing operations of $1.60 to $1.70 a share. Analysts on average are currently expecting a profit excluding items of $1.62 a share. Shares of H&R Block fell 0.59% in extended trading.

Pep Boys-Manny, Moe & Jack (NYSE: PBY) announced that its third-quarter net loss narrowed to $7.3 million, or 14 cents a share, from a loss of $28 million, or 54 cents a share, in the same quarter last year. Net loss a year ago included a $50-million in pre-tax costs for an inventory write down, asset impairment and increased legal reserves, the company said. Revenue fell to $464.2 million from $528.8 million. In after-hours session, the stock lost 1.19%. Pep Boys-Manny, Moe & Jack plunged 11.42% in evening trade

Medical device company Synergetics USA Inc (NASDAQ: SURG) reported on Monday that first quarter net income climbed 66% to $661,000 or 3 cents a share from an income of $397,000, or 2 cents a share in the year ago period. Revenue rose 17% to $12.2 million from $10.5 million in the period. Commenting on the results, Robert Dick, Chairman of the Board of Synergetics USA, Inc., said, "We are pleased and encouraged by the first quarter results as compared to the first fiscal quarter of 2008. We are beginning to see the return on the investments in our restructured sales force with good sales growth. We are also pleased by the market response to our new products and believe this reinforces Synergetics' position as a leading innovator in the microsurgery market. With a firm focus on the future, our research and development team is advancing cutting edge technologies." Dick added, "Going forward, we expect to further reduce inventory and debt levels and improve our production processes through the continued implementation of lean manufacturing, materials control and MRP and cost savings programs. The Synergetics' team remains dedicated to driving top-line growth, reducing debt, increasing profitability, and achieving greater overall operational efficiency with the various internal programs implemented over the last few months."

Gander Mountain Co.