- Shares of Bankrate (RATE -17%) plunge after the company reported mixed Q3 results and announced that CEO Thomas Evans will be stepping down. COO Ken Esterow will replace him. (PR)
- Management is cautious but expects revenue and EBITDA in Q4 to "be similar or slightly better than what we're reporting in Q3." Analysts expect Q/Q revenue growth of 1.6% to $125.1M.
- As to 2014, management "feel[s] very good about the state of the business, insurance is picking up, we have several new product launches."
- Stifel Nicolaus downgraded shares to Hold from Buy, citing the CEO change and valuation.