Blucora reports 4Q loss

Blucora posts loss of $19.3 million in 4th quarter

BELLEVUE, Wash. (AP) -- Blucora Inc. (BCOR) on Thursday reported a loss of $19.3 million in its fourth quarter.

The Bellevue, Washington-based company said it had a loss of 46 cents per share. Losses, adjusted for one-time gains and costs, came to 18 cents per share.

The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $86.8 million in the period.

For the year, the company reported that its loss widened to $65.2 million, or $1.53 per share. Revenue was reported as $455.9 million.

For the current quarter ending in April, Blucora expects its per-share earnings to range from 32 cents to 34 cents per share, or between 90 cents to 98 cents excluding one time adjustments.

The company said it expects revenue in the range of $176.3 million to $181.5 million for the fiscal first quarter.

Blucora shares have fallen 2 percent since the beginning of the year. The stock has more than doubled 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

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Keywords: Blucora, Earnings Report

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