IRVING, Texas (AP) _ Blucora Inc. (BCOR) on Wednesday reported second-quarter profit of $49.6 million.
The Irving, Texas-based company said it had net income of $1.03 per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $161.1 million in the period.
For the current quarter ending in October, Blucora expects its per-share earnings to range from 15 cents to 23 cents.
The company said it expects revenue in the range of $170 million to $177.5 million for the fiscal third quarter.
Blucora expects full-year earnings in the range of 83 cents to 98 cents per share, with revenue ranging from $733 million to $747 million.
Blucora shares have decreased 54% since the beginning of the year. The stock has decreased 55% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCOR at https://www.zacks.com/ap/BCOR
The Associated Press
