Blucora Inc (BCOR) Releases Earnings Results, Beats Expectations By $0.04 EPS

Blucora Inc (BCOR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.94 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.90. The company posted revenue of $165.80 million in the period, compared to analysts expectations of $163.31 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Blucora Inc. Blucora Inc was Upgraded by Craig Hallum to ” Buy” on Apr 29, 2016. Shares were Reiterated by Wedbush on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 10 from a previous price target of $16 .Shares were Reiterated by The Benchmark Company on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $23 .

Blucora Inc opened for trading at $5.97 and hit $6.19 on the upside on Wednesday, eventually ending the session at $6.13, with a gain of 2.17% or 0.13 points. The heightened volatility saw the trading volume jump to 7,15,577 shares. Company has a market cap of $253 M.

In a different news, on Nov 20, 2015, Peter Mansour (President, Infospace LLC) sold 3,813 shares at $10.49 per share price. According to the SEC, on Nov 12, 2015, Lance G Dunn (director) purchased 10,000 shares at $10.08 per share price. On Nov 12, 2015, William J Ruckelshaus (CEO) purchased 7,230 shares at $10.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Blucora Inc. is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners’ Web properties as well as online content. Its Tax Preparation business consists of the operations of TaxACT Inc. (TaxACT) and provides online tax preparation service for individuals tax preparation software for individuals and professional tax preparers and ancillary services. Its E-Commerce business consists of the operations of Monoprice Inc. (Monoprice) and sells self-branded electronics and accessories to both consumers and businesses.

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