Blucora Narrows 2019 Revenue Outlook

(RTTNews) - Blucora Inc. (BCOR) said that it now expects total revenue for fiscal year 2019 to be in the range of $714.5 million - $720.5 million, compared to the prior estimation of $710.0 million - $724.0 million.

Analysts polled by Thomson Reuters expected the company to report revenues of $720.19 million for 2019. Analysts' estimates typically exclude special items.

The company said it updated its full-year 2019 outlook to reflect current business conditions, including the clearing consolidation occurring ahead of schedule, a 25 basis-point change in the Federal Funds target rate and other items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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