Blucora, Inc. (BCOR) Misses Q1 EPS by 69c

Blucora, Inc. (NASDAQ: BCOR) reported Q1 EPS of $0.90, $0.69 worse than the analyst estimate of $1.59. Revenue for the quarter came in at $263.3 million versus the consensus estimate of $274.97 million.

Outlook:

The increased level of uncertainty around the near and longer-term impact of COVID-19, as well as the extension of the tax season into the 3rd quarter with a July 15 deadline, has delayed filing volume and makes it difficult to accurately predict the timing, volume and revenue of remaining tax-year 2019 filings. Due to these factors, and to maintain flexibility in an uncertain environment, the Company is withdrawing its prior first half 2020 tax preparation outlook and not providing additional outlook guidance at this time.

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

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