Analysts say Bankrate (RATE) Temporarily Impaired; Not Permanently Broken
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Bankrate (RATE) Slammed on Q3 Warning
October 15, 2012 4:13 PM EDTBankrate (NYSE: RATE) is falling 25 percent after-hours Monday following a third quarter warning.
Total revenue for the quarter is expected to be between $115.5 million and $117.5 million, versus the consensus of $132.7 million. Adjusted EPS is expected to be $0.11 to $0.13, versus the consensus of $0.20.... More
Bankrate (RATE) Preliminary Q3 EPS, Revs Miss Views
October 15, 2012 4:03 PM EDTBankrate, Inc. (NYSE: RATE) today announced preliminary financial results for the third quarter of fiscal 2012 ended September 30, 2012. Bankrate's President and Chief Executive Officer, Thomas R. Evans and Senior Vice President and Chief Financial Officer, Edward J. DiMaria will host a brief, 30 minute conference call at 8:00 A.M. EDT on October 16, 2012.
Total revenue for the second quarter is expected to be between $115.5 million and $117.5 million compared to $112.9 million reported in the third quarter of 2011, an increase of approximately 3% at the midpoint of the range.... More
