Bankrate beats consensus, raises guidance (RATE 2Q05 earnings results)

Bankrate (ticker: RATE) reported Q2 2005 results that beat both consensus revenue and EPS estimates. Key stats for the quarter:

Q2 Results:
(all percentage changes and comparisons are year on year, unless stated otherwise)

• Total revenue rose 22.3% to $12.4 million, versus consensus of $10.58 million.
• Online publishing revenue rose 28.9% to $11.2 million.
• Print publishing and licensing revenue fell 18.1% to $1.2 million.
• Gross margin was 76.6% versus 74.3%.
• Total operating expenses rose 2.7% to $5.6 million.
• Sales expenses fell 9.4% to $970,597.
• Marketing expenses fell 5.1% to $1.7 million.
• Product development expenses fell 17.3% to $510,777.
• G&A expenses rose 45.2% to $2.2 million.
• Operating income rose 89.0% to $3.8 million.
• Operating margin was 31.1% versus 20.1%.
• Income before taxes rose 92.1% to $4.1 million.
• Net income rose 19.1% to $2.5 million.
• Diluted EPS was $0.15 versus $0.13, and consensus of $0.11.

FY 2005 Guidance

• Revenue of $45.0 - $45.8 million. Previous guidance of $42.3 - $43.1 million. Consensus of $43.6 million.
• Pre-tax income of $12.6 - $13.1 million.
• Pre-tax fully diluted EPS of $0.76 - $0.79. Previous guidance of $0.69 - $0.71.

RATE chart.

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