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Blucora posts 1Q profit

BELLEVUE, Wash. (AP) _ Blucora Inc. (BCOR) on Thursday reported first-quarter net income of $30.6 million.

The Bellevue, Washington-based company said it had net income of 67 cents per share. Earnings, adjusted for amortization costs and pretax expenses, were $1.04 per share.

The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $182.4 million in the period.

For the current quarter ending in July, Blucora expects its per-share earnings to range from 63 cents to 69 cents.

The company said it expects revenue in the range of $135 million to $138.5 million for the fiscal second quarter.

Blucora expects full-year earnings in the range of $1.28 to $1.45 per share, with revenue ranging from $493 million to $506 million.

Blucora shares have increased 28 percent since the beginning of the year. The stock has more than doubled 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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