UPDATE: Bankrate Posts Downbeat Q4 Profit, Issues Weak 2013 Revenue View

by Benzinga Staff
February 13, 2013 1:56 AM | 21 seconds read | Make a Comment

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Bankrate (NYSE: RATE) reported a weaker-than-expected Q4 profit and issued downbeat 2013 revenue forecast.Bankrate's quarterly net income declined to $300,000, or break-even profit, versus $14 million, or $0.14 per share, in the year-ago period. Excluding items, it earned $0.06 per share.Its revenue dropped 18% to $93.2 million. However, analysts were expecting earnings of $0.11 per share on revenue of $106.3 million.Bankrate shares dipped 18.50% to $10.09 in after-hours trading.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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