Blucora up on acquisition

Investor's Business Daily

The Web services firm formerly known as InfoSpace said Q2 EPS fell 16.7% to 20 cents, missing views by 4 cents. But revenue rose 16% to $117.2 mil, beating views of $114.8 mil. Blucora (BCOR) expects Q3 per-share loss of 2 to 4 cents. Analysts are expecting a 3-cent loss. The company also announced it agreed to acquire Monoprice, a Rancho Cucamonga, Calif.-based e-commerce vendor, for $180 mil in cash. Shares rose 7.1%.

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