Blucora, Inc. (BCOR) Tops Q2 EPS by 4c, Offers Q3 and FY Guidance

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Go back to Blucora, Inc. (BCOR) Tops Q2 EPS by 4c, Offers Q3 and FY Guidance

Blucora Announces Second Quarter 2017 Results

July 27, 2017 6:30 AM EDT

IRVING, Texas, July 27, 2017 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled financial solutions to consumers, small businesses and tax professionals, today announced financial results for the second quarter ended June 30, 2017.

Second Quarter Highlights and Recent Developments

Increased revenue and operating income by 16% and 34%, respectively, year-over-yearHD Vest achieved record levels in AUA of $41.4 billion and AUM of $11.6 billionGrew TaxAct revenue and segment income by 16% for the six months ending June 30, 2017 vs. prior-year periodAchieved 2.7x net leverage ratio following successful... More