Blucora, Inc. (BCOR) Tops Q3 EPS by 12c

October 27, 2016 6:31 AM EDT
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Blucora, Inc. (NASDAQ: BCOR) reported Q3 EPS of ($0.24), $0.12 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $83.2 million versus the consensus estimate of $78.95 million.

John Clendening, president and chief executive officer of Blucora, noted that “during the third quarter, we continued to execute the strategic initiatives we outlined last quarter, including successfully divesting the Infospace business and continuing to de-lever. We are making strong progress on our transformation strategy as we organize around our new operating model and solidify our position as a technology-enabled financial solutions company,” said Clendening. “We are taking the actions necessary to maximize the performance of our businesses, and are seeing positive results from these efforts. We are committed to investing in our people, our capability, and our technology to enable us to capture the substantial growth opportunities ahead in both the HD Vest and TaxAct businesses,” he explained.

For earnings history and earnings-related data on Blucora, Inc. (BCOR) click here.

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