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Bankrate Inc. reports 4Q loss

NEW YORK (AP) _ Bankrate Inc. (RATE) on Wednesday reported a fourth-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.

The consumer financial services company posted revenue of $113.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $121.6 million.

For the current quarter ending in April, Bankrate Inc. said it expects revenue in the range of $115 million to $118 million.

The company expects full-year revenue in the range of $500 million to $515 million.

Bankrate Inc. shares have fallen almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.95, an increase of 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RATE at https://www.zacks.com/ap/RATE


Keywords: Bankrate Inc., Earnings Report