Bankrate Inc. Reports 38% Advance In Q1 Profit

(RTTNews) - Bankrate Inc. (RATE) reported earnings for its first quarter that gained ground from last year.

The company said its bottom line came in at $14.9 million, or $0.17 per share. This was higher than $10.8 million, or $0.12 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.0% to $118.7 million. This was up from $93.5 million last year.

Bankrate Inc. earnings at a glance:

-Earnings (Q1): $14.9 Mln. vs. $10.8 Mln. last year. -Earnings Growth (Y-o-Y): 38.0% -EPS (Q1): $0.17 vs. $0.12 last year. -EPS Growth (Y-o-Y): 41.7% -Analysts Estimate: $0.15 -Revenue (Q1): $118.7 Mln vs. $93.5 Mln last year. -Revenue Change (Y-o-Y): 27.0%