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Blucora Inc (BCOR.OQ)

BCOR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Blucora announces second quarter 2016 results
Thursday, 28 Jul 2016 06:30am EDT 

Blucora Inc : Blucora announces second quarter 2016 results . Sees Q3 2016 revenue between $77 million to $81 million .Company sees FY 2016 revenue between $440.5 million to $451.5 million.  Full Article

Blucora enters into definitive agreement to sell Infospace
Tuesday, 5 Jul 2016 08:00am EDT 

Blucora Inc : Intends to use net proceeds from sale to pay down debt . Blucora enters into definitive agreement to sell Infospace .Blucora Inc says deal valued at $45 million.  Full Article

Blucora says extended term of contract between Infospace and Yahoo
Tuesday, 31 May 2016 04:48pm EDT 

Blucora Inc - :Says extended term of contract effective as of January 1, 2011 between Infospace and Yahoo until July 31, 2016.  Full Article

Blucora Inc announces board change
Tuesday, 15 Mar 2016 08:30am EDT 

Blucora Inc:Says John S. Clendening has been appointed as President and Chief Executive Officer, and member of the Board of Directors, effective April 4, 2016.  Full Article

Blucora Inc to acquire broker-dealer HD Vest for about $580 mln
Wednesday, 14 Oct 2015 07:19am EDT 

Blucora Inc:To acquire broker-dealer HD Vest for about $580 mln.Transaction will be financed with cash on hand and $425 million from a new debt facility.Says transaction will be financed with cash on hand and $425 million from a new debt facility.Will initiate separate processes to explore the divesture of infospace and monoprice, with the goal of completion in the first half of 2016.Says corporate operating expenses will be reduced by 30% to $12 million run rate by the first half of 2017.Says capital allocation priorities will shift to pay down debt initially.Says transaction expected to be immediately accretive to Blucora earnings per share.Says acquisition has the ancillary benefit of maximizing the value of blucora's federal net operating loss carryforwards.Says bill ruckelshaus will resign his position as president and CEO when a permanent successor has been identified.Says anticipates being able to fully utilize its $570 million in federal net operating loss carryforwards before their expiration.Says at the time of his transition, ruckelshaus will assume the role of vice chairman of the board of Blucora.Bill ruckelshaus will assume the role of vice chairman of the board of Blucora.Says Blucora has received financing commitments from bmo financial group for $425 million.  Full Article

BRIEF-Blucora Q2 earnings per share $0.70

* For Q3 of 2017, company expects GAAP net loss earnings per share to be between $0.42 and $0.33