Bankrate Inc. Reports 31% Decline In Q1 Earnings

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

The company said its bottom line fell to $10.87 million, or $0.12 per share. This was down from $15.74 million, or $0.16 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.8% to $93.3 million. This was up from $89.0 million last year.

Bankrate Inc. earnings at a glance:

-Earnings (Q1): $10.87 Mln. vs. $15.74 Mln. last year. -Earnings Decline (Y-o-Y): -30.9% -EPS (Q1): $0.12 vs. $0.16 last year. -EPS Decline (Y-o-Y): -25.0% -Revenue (Q1): $93.3 Mln vs. $89.0 Mln last year. -Revenue Change (Y-o-Y): 4.8%

-Guidance: Next quarter revenue guidance: $94 - $98 Mln Full year revenue guidance: $388 - $400 Mln