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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.

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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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Keywords: Blucora, Earnings Report