Bankrate Posts Q2 Loss - Quick Facts

(RTTNews) - Bankrate, Inc. (RATE) Monday reported second-quarter loss of $0.9 million or $0.01 per share, compared to profit of $16.3 million or $0.16 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $10.3 million or $0.10 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $105.5 million from $122.1 million last year. Analysts expecetd revenues of $106.34 million. For the second half of 2013, Bankrate expects to show an overall revenue growth of 10 percent to 20 percent, resulting in relatively flat revenue for the fiscal 2013. Analysts currently expect full-year revenues of $454.80 million.

"We are reaffirming our previous position on guidance of double-digit, second half revenue growth and are increasing our earnings guidance, " said Thomas Evans, President and CEO of Bankrate.