Bankrate Inc. Reports 22% Gain In Q2 Bottom Line

(RTTNews) - Bankrate Inc. (RATE) reported earnings for its second quarter that increased compared to the same period last year.

The company said its bottom line climbed to $11.82 million, or $0.13 per share. This was up from $9.65 million, or $0.11 per share, in last year's second quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.9% to $115.9 million. This was up from $98.3 million last year.

Bankrate Inc. earnings at a glance:

-Earnings (Q2): $11.82 Mln. vs. $9.65 Mln. last year. -Earnings Growth (Y-o-Y): 22.5% -EPS (Q2): $0.13 vs. $0.11 last year. -EPS Growth (Y-o-Y): 18.2% -Analysts Estimate: $0.14 -Revenue (Q2): $115.9 Mln vs. $98.3 Mln last year. -Revenue Change (Y-o-Y): 17.9%