Fri, May 1, 1:10 PM
- With shares having gone into earnings more than 50% below their late-2013/early-2014 highs, Blucora's (NASDAQ:BCOR) Q1 beat and in-line guidance are going over quite well: The search engine/tax software provider forecasts Q2 revenue of $114M-$123.5M and EPS of $0.38-$0.48 vs. a consensus of $117.4M and $0.43.
- Google deal changes contributed to a 45% Y/Y Q1 drop in search/content division revenue to $58.7M. However, tax preparation revenue rose 12% to $81.1M, and Blucora forecasts TaxACT software/service revenue will rise 13% for the whole of 1H15. E-commerce (Monoprice) revenue fell 6% to $35M.
- A 21% Y/Y drop in GAAP operating expenses to $136.1M provided a lift to EPS. Adjusted EBITDA fell 11% to $50.8M, and is expected to total $20.8M-$24.8M in Q2.
- Q1 results, PR
Thu, Apr. 30, 4:38 PM
Wed, Apr. 29, 5:35 PM
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Aug. 28, 2014, 6:03 PM
- Mike Glover, head of Blucora's (NASDAQ:BCOR) Infospace unit, has "submitted his resignation and will pursue other opportunities." He'll be replaced by Peter Mansour, formerly the head of eBay's Seattle office.
- Mansour's job puts him in charge of both the Infospace search business and recently-acquired HowStuffWorks.
- Blucora is coming off a Q2 in which its search/content ops saw a 16% Y/Y sales drop, thanks in large part to the revising of the company's Google search/ad deal.
Aug. 8, 2014, 12:20 PM
- Though it beat Q2 estimates, Blucora (BCOR -7.9%) is guiding for Q3 revenue of $112.5M-$122.5M and EPS of $0.07-$0.14, below a consensus of $129.7M and $0.21.
- On the CC (transcript), Blucora noted the HowStuffWorks acquisition is expected to have a near-term impact on margins, and that its core Search & Content ops are "in the midst of a transition that may extend beyond the third quarter," following the partial renewal of a search/ad deal with Google in February (didn't cover mobile AdSense ads).
- Search & Content revenue fell 16% Y/Y in Q2 to $79.8M. Sales were hurt both by the Google deal changes, and "a technology change [at] search engine partners" that affected WebCrawler's performance.
- On the bright side, tax preparation sales (TaxACT) grew 17% to $26.5M. E-commerce revenue (Monoprice) grew 5% on an adjusted basis to $35.3M.
- Q2 results, PR
Aug. 7, 2014, 4:56 PM
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Jul. 9, 2014, 5:34 PM
May 28, 2014, 3:53 PM
- Blucora (BCOR +1.2%) has added $35M to its buyback authorization, raising its total available funds to $53M. That's good for repurchasing 6% of outstanding shares at current levels.
- The company has $336M in cash/investments on its balance sheet to pay for the buybacks, partly offset by $259M in debt.
- Blucora's move comes with shares down 32% YTD, in part due to Google-related worries.
May 12, 2014, 5:49 PM
May 2, 2014, 9:18 AM
May 1, 2014, 5:59 PM
- Blucora (BCOR) expects Q2 revenue of $135M-$145.5M and EPS of $0.46-$0.53, below a consensus of $164.3M and $0.64. The outlook follows the renewal of a Google search/advertising deal that doesn't cover mobile AdSense ads. Shares -8.7% AH. (Q1 results, PR)
- Maxwell (MXWL) expects Q2 revenue to be "similar" to a Q1 level of $46M; that's favorable to a $42.4M consensus. Though visibility for Chinese plug-in hybrid bus market sales remains "limited," ultracapacitor demand from other markets "remains robust." Shares +1.1% AH. (Q1 results, PR)
- Audience (ADNC) expects Q2 revenue of $37.5M-$40.5M and EPS of -$0.10 to -$0.14 vs. a consensus of $38.2M and -$0.08. Shares unchanged for now. (Q1 results, PR)
BCOR vs. ETF Alternatives
Blucora Inc is engaged in operating Internet business. It operates an internet Search & Content business, an online Tax Preparation business, and an E-Commerce business providing search services to users, online tax preparation service & sales services.
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