Latest News by Industry
DALLAS (AP) — DALLAS (AP) — Blucora Inc. (AVTA) on Wednesday reported fourth-quarter net income of $368 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had profit of $7.66 per share. Losses, adjusted to account for discontinued operations, came to 3 cents per share.
The owner of TaxAct tax prep software and the HD Vest financial services firm posted revenue of $172.4 million in the period.
For the year, the company reported profit of $420.2 million, or $8.54 per share. Revenue was reported as $666.5 million.
Blucora expects full-year earnings to be 63 cents to 96 cents per share, with revenue in the range of $750 million to $758 million.
Blucora shares have risen 15% since the beginning of the year. The stock has climbed 56% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AVTA">Zacks stock report on AVTA at https://www.zacks.com/ap/AVTA