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Blucora discloses Q3, FY'19 guidance

Blucora Inc. expects a third-quarter non-GAAP net loss of $10.0 million to $14.5 million, or a loss of 20 cents to 29 cents per share.

On a GAAP basis, Blucora expects a third-quarter net loss attributable to the company of between $30.5 million and $35.5 million, or 62 cents to 72 cents per share. The company expects revenue for the third quarter between $142.5 million and $149.5 million and adjusted EBITDA between $4.0 million and breakeven.

Blucora closed its acquisition of 1st Global on May 6. The company expects 1st Global to add $108.5 million to $115.5 million in revenue and $9.0 million to $11.0 million in segment income from May 6 through the end of the year.

For the full year, the company expects non-GAAP net income to be between $92.5 million and $102.5 million, or $1.84 to $2.04 per share. Blucora expects 2019 GAAP net income attributable to the company of $27.0 million to $37.5 million and EPS of 54 cents to 75 cents. The company expects full-year revenue to be between $710.0 million and $724.0 million and adjusted EBITDA to be between $130.5 million and $139.5 million.

Blucora reported non-GAAP net income for the second quarter of $41.4 million, or 83 cents per share, compared with $47.7 million, or 97 cents per share, in the second quarter of 2018. GAAP net income attributable to the company came in at $31.0 million, or 62 cents per share, for the second quarter, compared to $35.2 million, or 71 cents per share, in the year-ago quarter.