RATE cut - Bankrate.com's 4Q04 pro-forma income up only 8%, stock slumps

| About: Bankrate Inc. (RATE)

Bankrate.com reported Q4 earnings Thursday night. The market didn't like them; by close of trading Friday, the stock had fallen from $19 to below $15. Key points below:

  • Revenue was $9.3 millionup 3% year over year.
  • GAAP net income was $6.8 million, or $0.42 per diluted share, compared to $5.1 million, or $0.32 per diluted share, in Q4 2003.
  • Pro-forma net income was 2.2 million, or $0.13 per diluted share, up 8% versus Q4 '03 pro-forma net income of $2.0 million and EPS of $0.13. Pro-forma numbers exclude non-cash tax accounting.

One year RATE chart below.
Rate_2

About this article:

Expand
Tagged: , Internet Information Providers, Earnings
Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here