Blucora, Inc. (BCOR) Tops Q1 EPS by 11c, Offers Q2 and FY Guidance

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Go back to Blucora, Inc. (BCOR) Tops Q1 EPS by 11c, Offers Q2 and FY Guidance

Blucora Announces First Quarter 2019 Results

May 8, 2019 6:30 AM EDT

IRVING, Texas, May 08, 2019 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of tax-smart financial solutions that empower peoples goals, today announced financial results for the first quarter ended March 31, 2019.

First Quarter Highlights and Recent Developments

Increased total revenue by 10% year-over-yearGrew GAAP net Income by 37%, Adjusted EBITDA* by 26%, Non-GAAP net income* by 33%Advisory assets grew 10% y/y, reaching record level and crossing 30% of total client assets for the first timeStrengthened balance sheet through strong cash flow, improving... More