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Blucora Q3 Adj. Loss Miss Estimates; Narrows FY22 Outlook Range

RTTNews | 1027 days ago

Blucora Q3 Adj. Loss Miss Estimates; Narrows FY22 Outlook Range

(RTTNews) - Financial technology company Blucora, Inc. (BCOR) reported Tuesday a net loss for the third quarter that narrowed to $21.84 million or $0.46 per share from $27.80 million or $0.57 per share in the prior-year quarter.

Excluding items, adjusted loss for the quarter were $0.20 per share, compared to adjusted loss of $0.26 per share in the year-ago quarter.

Total revenue for the quarter edged down 1.4 percent to $171.7 0million from $174.17 million in the same quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.16 per share on revenues of $165.14 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2022, the company now projects earnings in a range of $0.73 to $0.83 per share and adjusted earnings in a range of $1.75 to $1.84 per share on total revenues between $909.0 million and $915.0 million.

Previously, the company expected earnings in a range of $0.58 to $0.89 per share and adjusted earnings in a range of $1.71 to $1.90 per share on total revenues between $892.5 million and $916.0 million.

The Street is currently looking for earnings of $1.83 per share on revenues of $903.18 million for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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Singapore Stock Market May See Additional Support On Monday

Singapore Stock Market May See Additional Support On Monday

The Singapore stock market has climbed higher in four straight sessions, improving more than 65 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,250-point plateau and it's got a strong lead again for Monday's trade.

RTTNews | 18 minutes ago

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

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Japan Stock Market May Extend Friday's Gains

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South Korea Bourse May Challenge 3,200-Point Mark

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RTTNews | 1h 7min ago

New Zealand Retail Sales Climb 0.5% In Q2

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RTTNews | 1h 25min ago

New Zealand Retail Sales Data Due On Monday

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RTTNews | 2h 18min ago

U.S. Dollar Drops After Powell's Speech

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The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.

RTTNews | 2 days ago

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

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