Revenue Update on Blucora Inc(NASDAQ:BCOR)

Blucora Inc(NASDAQ:BCOR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $120.11M. Analysts estimated a revenue of $123.62M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.52.

In a different note, On May 2, 2016, Barrington Research said it Upgrades its rating on Blucora Inc. The shares have been rated ‘Outperform’ by the firm.

Blucora Inc (BCOR) shares turned negative on Thursdays trading session with the shares closing down -0.01 points or -0.10% at a volume of 4,17,195. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.23. The peak price level was also seen at $10.23 while the days lowest was $10.01. Finally the shares closed at $10.19. The 52-week high of the shares is $15.15 while the 52-week low is $4.69. According to the latest information available, the market cap of the company is $423 M.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Joann Kintzel (President, TaxAct, Inc.) sold 3,538 shares at $10.54 per share price.Also, On Nov 20, 2015, Peter Mansour (President, Infospace LLC) sold 3,813 shares at $10.49 per share price.On Nov 12, 2015, Lance G Dunn (director) purchased 10,000 shares at $10.08 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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