Blucora reported third quarter financial results today, with almost $115 million in revenue for the quarter, down from $124 million in the same period a year ago. That’s slightly below analyst expectations of $117 million in revenue.
The company’s search and content business shrank by 31 percent year-over-year, while revenue from its e-commerce vertical grew by 160 percent year-over-year to $38 million.
Meanwhile, Blucora’s quarterly earnings of 15 cents a share were well above analyst expectations of 9 cents a share. It’s not all good news, though. Those figures are down from 30 cents a share during the same period a year ago.
Wall Street wasn’t thrilled by today’s report, sending the company’s stock down more than 13 percent in after-hours trading as of this writing. The company’s detailed financial results are embedded below.
