Bankrate Profit In Line With Estimates, Lifts FY Revenue Guidance; Stock Up 29%

(RTTNews) - Online financial information service provider Bankrate Inc (RATE) on Tuesday reported second-quarter net earnings of $0.3 million or $0.00 per share compared with a loss of $2.2 million or $0.02 per share last year.

Excluding items, adjusted earnings for the quarter were $0.16 per share compared with $0.15 per share a year ago.

Revenues for the quarter were $132.9 million compared with $130.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.16 per share on revenues of $126.7 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter, the company projects revenues of $125 million to $130 million, while analysts expect $131.4 million.

For the full year 2015, the company now expects revenues of $525 million to $531 million, from prior guidance of $520 million to $530 million. Analysts expect revenues of $526.3 million.