Bankrate Inc. Announces 34% Fall In Q2 Bottom Line

(RTTNews) - Bankrate Inc. (RATE) reported a profit for second quarter that retreated from last year.

The company said its profit totaled $9.7 million, or $0.11 per share. This was lower than $14.6 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.1% to $98.3 million. This was up from $89.3 million last year.

Bankrate Inc. earnings at a glance:

-Earnings (Q2): $9.7 Mln. vs. $14.6 Mln. last year. -Earnings Decline (Y-o-Y): -33.6% -EPS (Q2): $0.11 vs. $0.15 last year. -EPS Decline (Y-o-Y): -26.7% -Analysts Estimate: $0.11 -Revenue (Q2): $98.3 Mln vs. $89.3 Mln last year. -Revenue Change (Y-o-Y): 10.1%

-Guidance: Next quarter revenue guidance: -$110 - $116 Mln Full year revenue guidance: $419 - $430 Mln