Bankrate Inc. (RATE) Tuesday posted a profit for the second quarter, compared to a loss posted in the same quarter last year. The North Palm Beach, Florida-based company's second-quarter net income was $16.3 million or $0.16 per share, compared to a net loss of $39.7 million or $0.44 per share last year.
Adjusted net income for the quarter rose to $18.18 million or $0.18 per share from $12.34 million or $0.12 per share in the year-ago period. On average, ten analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 24 percent to $122.13 million from $98.45 million in the comparable quarter last year, while eight analysts had a consensus revenue estimate of $123.64 million for the quarter.
Chief Executive Thomas Evans said, "We are guiding towards overall revenue growth in the low to mid- 20% range and EBITDA margins in the low 30% range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.