Bankrate (RATE) Tops Q1 EPS by 4c; Issues Solid Q2 outlook
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Bankrate Reports Q1 2016 Results; Revenue Growth Driven By Strong Performance In Credit Cards Segment
May 5, 2016 4:16 PM EDTNEW YORK, May 5, 2016 /PRNewswire/ --
First quarter revenue of $93.3 million, up 5% versus the prior year. Credit Cards segment consumer inquiry revenue up 28% versus first quarter 2015. First quarter GAAP Net Income of $0.3 million, representing earnings per share of $0.00; Adjusted Net Income in the first quarter of $10.9 million, representing adjusted earnings per share of $0.12. First quarter Adjusted EBITDA of $23.3 million, $8.8 million below first quarter 2015: Credit Cards segment Adjusted EBITDA of $25.8 million, approximately flat compared to first quarter 2015. Banking segment Adjusted EBITDA was $5.3 million lower compared to first quarter 2015.... More