Blucora Inc. Q3 Loss Decreases, but misses estimates

(RTTNews) - Blucora Inc. (BCOR) reported Loss for third quarter that decreased from the same period last year but missed the Street estimates.

The company's earnings came in at -$21.8 million, or -$0.46 per share. This compares with -$27.8 million, or -$0.57 per share, in last year's third quarter.

Excluding items, Blucora Inc. reported adjusted earnings of -$9.8 million or -$0.20 per share for the period.

Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.4% to $171.7 million from $174.2 million last year.

Blucora Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$21.8 Mln. vs. -$27.8 Mln. last year. -EPS (Q3): -$0.46 vs. -$0.57 last year. -Analyst Estimates: -$0.16 -Revenue (Q3): $171.7 Mln vs. $174.2 Mln last year.

-Guidance: Full year EPS guidance: $1.75 - $1.84 Full year revenue guidance: $909.0 - $915.0 Mln