Friday Market Movers (BCOR, EXPE, AUTH)
Blucora (NASDAQ: BCOR): Blucora provides white label search and monetization solutions to web publishers. The company reported strong second quarter earnings on Thursday. The company's revenue growth was 86%, mostly due to strong search revenue. The company also gave a positive outlook for its third quarter, which will be primarily driven by the companies search business.
Bill Ruckelshaus, President and Chief Executive Officer of Blucora, stated, "We are pleased with our performance in the second quarter, and encouraged by the continued momentum in our search business. Our results also reflect the end of a strong season for TaxACT. We believe both of our businesses are well positioned and we remain optimistic about our outlook."
Blucora traded up about 26% on Friday.
Expedia (NASDAQ: EXPE): The online travel company reported earnings on Thursday that beat analyst expectations for earnings and revenues. Expedia reported revenue of $1.04 billion, compared to $913.6 million in the same period last year. Earnings fell from $1.01 per share in the second quarter of 2011, to $0.76 in the second quarter of 2012. Analysts estimated revenue of $987.3 and earnings of $0.71 per share.
Dara Khosrowsh, CEO, president, and director, commented, “As previously indicated, we plan to increase selling and marketing for brand Expedia as we move further along the technology migration, and just recently launched a brand marketing campaign in the U.S. called Find Yours, featuring 100% user-generated content from consumers explaining how travel has transformed them.”
Expedia traded up about 22% on Friday.
AuthenTec (NASDAQ: AUTH): AuthenTec provides mobile and network security for enterprise, customer, and government markets worldwide. On Friday, Apple (NASDAQ: AAPL) offered to buy the company for $356 million.
AuthenTec traded up about 64% on Friday.
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