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.