Bankrate Announces Results Of Its Internal Review And Full Year 2014 Financial Results

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Bankrate (RATE) Releases 1Q15 Results as SEC investigations Near Completion; RBC Capital Reiterates Outperform

June 18, 2015 9:39 AM EDT

RBC Capital reiterates an Outperform rating on Bankrate (NYSE: RATE) following 1Q15 results, and potential end to SEC investigation. Analyst Rohit Kulkarni says that the company completed its internal investigation and looks to have reached a settlement with the SEC whereby... More

Bankrate (RATE) Reports In-Line Q1 EPS; Announces Results of Internal Review

June 17, 2015 4:02 PM EDT

Bankrate (NYSE: RATE) reported Q1 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $141.5 million versus the consensus estimate of $137.98 million.

Bankrate also announced the results of the internal review conducted by the Audit Committee of the Bankrate Board of Directors and the restatement of its financial statements for fiscal years 2011, 2012 and 2013, the fiscal quarters within those years, and the fiscal quarters ended March 31, 2014 and June 30, 2014. The restated financial statements, as well as the financial statements for the quarter ended September 30, 2014 and the fiscal year ended December 31,... More