Bankrate Inc. Reveals 12% Gain In Q3 Earnings

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

The company said its bottom line came in at $19.8 million, or $0.22 per share. This was up from $17.6 million, or $0.18 per share, in last year's third 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 29.2% to $128.80 million. This was up from $99.66 million last year.

Bankrate Inc. earnings at a glance:

-Earnings (Q3): $19.8 Mln. vs. $17.6 Mln. last year. -Earnings Growth (Y-o-Y): 12.5% -EPS (Q3): $0.22 vs. $0.18 last year. -EPS Growth (Y-o-Y): 22.2% -Analysts Estimate: $0.14 -Revenue (Q3): $128.80 Mln vs. $99.66 Mln last year. -Revenue Change (Y-o-Y): 29.2%

-Guidance: Next quarter revenue guidance: $117 - $122 Mln Full year revenue guidance: $438 - $443 Mln