Blucora, Inc. (BCOR) Tops Q2 EPS by 6c, Offers Q3 Guidance; Infospace Signs Search Distribution Agreement With Bing

Blucora, Inc. (NASDAQ: BCOR) reported Q2 EPS of $0.48, $0.06 better than the analyst estimate of $0.42. Revenue for the quarter came in at $119 million versus the consensus estimate of $119.01 million.

Blucora, Inc. sees Q3EPS of ($0.14)-($0.06), versus the consensus of ($0.03). Blucora, Inc. sees Q3 revenue of $82.5-90.3 million.

Infospace, a subsidiary of Blucora, Inc. (NASDAQ: BCOR), today announced it has signed a deal to distribute Bing search results and advertising content through the Infospace network of Web search properties and partner websites on desktop and mobile. The three-year search and advertising agreement forms a partnership through July 31, 2018.

"We are thrilled to partner with Bing," said Peter Mansour, president of Infospace. "Securing a direct deal with Bing diversifies our search engine partner network and gives us business direction flexibility. This agreement represents our ongoing commitment to evolve our offering to help partners maximize their revenue and build stronger brands."

"We're pleased to announce this agreement with Infospace to extend search powered by Bing across the company's robust network of search properties and partner websites," said Rik van der Kooi, corporate vice president, Microsoft Advertising. "This is another step in expanding Bing's reach to more and more people, across PC and phone."

Additional details of the agreement between Infospace and Bing will be filed in a Form 8-K with the Securities and Exchange Commission.

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

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