Blucora: 2Q Earnings Snapshot

August 1, 2018

IRVING, Texas (AP) _ Blucora Inc. (BCOR) on Wednesday reported second-quarter earnings of $34.9 million.

On a per-share basis, the Irving, Texas-based company said it had profit of 71 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 97 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $157.8 million in the period.

For the current quarter ending in October, Blucora expects its results to range from a loss of 23 cents per share to a loss of 17 cents per share.

The company said it expects revenue in the range of $92 million to $95.5 million for the fiscal third quarter.

Blucora expects full-year earnings in the range of $1.80 to $1.92 per share, with revenue ranging from $553.5 million to $563 million.

Blucora shares have increased 57 percent since the beginning of the year. The stock has risen 55 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCOR at https://www.zacks.com/ap/BCOR

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