Brief: Blucora Announces First Quarter 2020 Results

Avantax

06/05/2020 12:02

May 6 (Reuters) - Blucora Inc  BCOR.O :
    * BLUCORA ANNOUNCES FIRST QUARTER 2020 RESULTS
    * Q1 LOSS PER SHARE $6.60
    * Q1 EARNINGS PER SHARE ESTIMATE $1.58 -- REFINITIV IBES
DATA
    * TOTAL CLIENT ASSETS ENDED THE QUARTER AT $61.0 BILLION
    * RECORDED IMPAIRMENT OF GOODWILL OF APPROXIMATELY $271
MILLION
RELATING TO WEALTH MANAGEMENT BUSINESS IN QUARTER
    * QTRLY TOTAL REVENUE $263.3 MILLION VERSUS $225.8 MILLION
    * WITHDRAWING ITS PRIOR FIRST HALF 2020 TAX PREPARATION
OUTLOOK
AND NOT PROVIDING ADDITIONAL OUTLOOK GUIDANCE AT THIS TIME
    * QTRLY NON-GAAP EARNINGS PER SHARE $0.90
    * Q1 REVENUE VIEW $275.0 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXc7Ksqk 
Further company coverage:  BCOR.O 

 ((Reuters.Briefs@thomsonreuters.com;))