This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bankrate Announces Third Quarter 2012 Financial Results

Stocks in this article: RATE

Bankrate, Inc. (NYSE: RATE) today reported financial results for the third quarter ended September 30, 2012. Total revenue for the third quarter was $116.8 million compared to $112.9 million in the third quarter of 2011, an increase of 3%.

Net income for the quarter was $2.6 million or $0.03 per fully diluted share, compared to net income of $7.1 million, or $0.07 per fully diluted share in the third quarter of 2011. Earnings per fully diluted share, excluding stock based compensation expense, amortization, IPO and deal related expenses, legal settlements and other income (“Adjusted EPS”), were $0.13 for the third quarter of 2012, compared to Adjusted EPS of $0.18 for the third quarter of 2011, representing a decrease of 28%.

Adjusted earnings before interest, taxes, depreciation and amortization, excluding stock based compensation expense, IPO and deal related expenses and legal settlements (“Adjusted EBITDA”), were $29.8 million, with a margin of 25.6%, in the third quarter of 2012 compared to $36.0 million, with a margin of 31.9%, in the third quarter of 2011, a decrease of 17%.

Results for Nine Months Ended September 30, 2012

Total revenue for the nine months ended September 30, 2012 was $363.9 million compared to $310.4 million in the comparable period in 2011, representing a $53.5 million or 17% increase.

Net income was $29.0 million or $0.29 per fully diluted share for the first nine months of 2012, compared to a net loss of $27.5 million, or $0.30 per fully diluted share in the first nine months of 2011. Adjusted EPS was $0.49 for the nine months ended September 30, 2012, compared to $0.43 for the same period in 2011, representing an increase of 14%.

Adjusted EBITDA was $105.2 million for the first nine months of 2012, compared to $96.9 million in the first nine months of 2011, an increase of 8.5%.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs