AP NEWS

Blucora: 3Q Earnings Snapshot

November 6, 2019

IRVING, Texas (AP) _ Blucora Inc. (BCOR) on Wednesday reported a loss of $62.4 million in its third quarter.

The Irving, Texas-based company said it had a loss of $1.28 per share. Losses, adjusted for one-time gains and costs, were 20 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $149 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $148.9 million.

Blucora expects full-year earnings in the range of $1.84 to $2.04 per share, with revenue in the range of $710 million to $724 million.

Blucora shares have decreased 16% since the beginning of the year. The stock has fallen 28% 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