Bankrate (RATE) Releases Quarterly Earnings Results
Bankrate (NYSE:RATE) posted its quarterly earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02, Stock Ratings Network.com reports. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $120.13 million. During the same quarter last year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis.
Shares of Bankrate (NYSE:RATE) traded up 0.32% during mid-day trading on Thursday, hitting $17.335. 143,278 shares of the company’s stock traded hands. Bankrate has a one year low of $9.90 and a one year high of $23.14. The stock has a 50-day moving average of $16.70 and a 200-day moving average of $18.25. The company’s market cap is $1.759 billion.
Bankrate, Inc (NYSE:RATE) is a publisher, aggregator and distributor of personal finance content on the Internet.
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