Bankrate Profit Meets Estimate, Revenue Misses; Lifts FY Guidance - Quick Facts

(RTTNews) - Bankrate Inc (RATE) Thursday reported second-quarter net loss of $2.2 million or $0.02 per share, compared with a loss of $0.9 million or $0.01 per share last year.

Excluding items, adjusted earnings for the quarter were $0.15 per share.

Revenue for the quarter was $130.7 million, compared with $105.5 million in the prior year.

Analysts polled by Thomson Reuters projected earnings of $0.15 per share on revenue of $133 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter, the company expects adjusted revenue of $140 million to $145 million, while analysts expect $140 million.

For fiscal year 2014, the company raised its revenue guidance, now expecting it to be in the range of $545 million to $555 million, from prior guidance of $540 million to $550 million.

Analysts project revenue of $547.8 million for the year.

Bankrate, based in New York, publishes personal finance content on the Internet.