Blucora, Inc. (BCOR) Tops Q3 EPS by 7c

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Go back to Blucora, Inc. (BCOR) Tops Q3 EPS by 7c

Blucora Announces Third Quarter 2017 Results

October 26, 2017 6:30 AM EDT

IRVING, Texas, Oct. 26, 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 third quarter ended September 30, 2017.

Third Quarter Highlights and Recent Developments

Increased total revenue by 8% year-over-yearContinued to strengthen balance sheet with net leverage ratio down to 2.6xSegment income of $6.2 million, lower year-over-year due to strategic investment in Tax Preparation businessAssets under management up 17% year-over-year to $11.9 billion, total assets under administration up 11% year-over-year... More