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Bankrate Inc (RATE.N)

RATE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bankrate Inc, Red Ventures received request for additional information from FTC in connection with FTC's review of merger​
Friday, 18 Aug 2017 05:27pm EDT 

Aug 18 (Reuters) - Bankrate Inc ::Bankrate Inc - ‍on Aug 18, co, Red Ventures received request for additional information from FTC in connection with FTC's review of merger​.Bankrate - ‍parties continue to expect that all required regulatory approvals for merger to be obtained, that merger will be completed by end of 2017​.  Full Article

Bankrate reports Q2 loss per share $0.26
Monday, 7 Aug 2017 04:01pm EDT 

Aug 7 (Reuters) - Bankrate Inc -:Bankrate reports second quarter 2017 financial results.Q2 loss per share $0.26.Q2 revenue rose 18 percent to $115.9 million.Q2 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.Qtrly adjusted earnings per share$0.13.  Full Article

Bankrate to pay fee of about $37.7 mln, in event of termination of merger agreement with Red Ventures​
Friday, 7 Jul 2017 04:59pm EDT 

July 7 (Reuters) - Bankrate Inc ::Bankrate Inc - in event of termination of merger agreement with red ventures, co will be required to pay a termination fee of approximately $37.7 million​.Bankrate Inc - ‍agreement with Red Ventures​ provides that red will have to pay co a termination fee of about $87.9 million if agreement is terminated.  Full Article

Bankrate to be acquired by Red Ventures for $14.00 per share
Monday, 3 Jul 2017 07:01am EDT 

July 3 (Reuters) - Bankrate Inc ::Bankrate to be acquired by Red Ventures for $14.00 per share.Bankrate Inc - merger agreement has been unanimously approved by Bankrate's board of directors.Says transaction enterprise value of $1.4 billion.Bankrate Inc - merger agreement has been unanimously approved by Bankrate's board of directors..  Full Article

Bankrate reports Q1 loss per share $0.06
Thursday, 4 May 2017 04:01pm EDT 

May 4 (Reuters) - Bankrate Inc :Bankrate reports first quarter 2017 financial results.Q1 revenue rose 27 percent to $118.7 million.Q1 loss per share $0.06.Q1 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Bankrate Inc - q2 revenue is expected to be in range of $115 million to $119 million.Bankrate Inc - q2 adjusted ebitda is expected to be in range of $24 million to $26 million.Bankrate Inc - full year revenue is expected to be in range of $500 million to $515 million.Bankrate Inc - full year adjusted ebitda is expected to be in range of $122 million to $129 million.Q2 earnings per share view $0.16, revenue view $119.9 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $0.70, revenue view $505.0 million -- Thomson Reuters I/B/E/S.Q1 revenue view $116.3 million -- Thomson Reuters I/B/E/S.  Full Article

Bankrate Inc files for non timely 10-K
Friday, 17 Mar 2017 06:27am EDT 

Bankrate Inc - : Co files for non timely 10-K - SEC filing . Expects to disclose a material weakness in internal control over financial reporting in its annual report . In connection with finalizing the financial statements for fiscal year ended Dec 31, 2016, calculation error was found in valuation report .Calculation error found in report was was key input in valuation of impairment of finite lived assets in 2016 fiscal year in quizzle business.  Full Article

Bankrate reports Q4 loss per share of $0.05
Wednesday, 8 Mar 2017 04:01pm EST 

Bankrate Inc : Bankrate reports fourth quarter and full year 2016 financial results . Q4 revenue rose 21 percent to $113.6 million . Q4 adjusted earnings per share $0.16 . Q4 loss per share $0.05 . Q4 earnings per share view $0.19 -- Thomson Reuters I/B/E/S . Sees revenue is expected to be in range of $500 million to $515 million for 2017 . Sees adjusted EBITDA is expected to be in range of $122 million to $129 million for 2017 . Sees revenue is expected to be in range of $115 million to $118 million for 2017 . Sees adjusted EBITDA is expected to be in range of $26 million to $28 million for 2017 .FY2017 revenue view $498.3 million -- Thomson Reuters I/B/E/S.  Full Article

Bankrate reports qtrly earnings per share $0.12
Thursday, 3 Nov 2016 04:01pm EDT 

Bankrate Inc : Bankrate inc qtrly earnings per share $0.12 . Bankrate inc qtrly adjusted earnings per share $0.22 . Sees q4 2016 revenue $117 million to $122 million . Sees fy 2016 revenue $438 million to $443 million . Sees q4 adjusted ebitda is expected to be in range of $30 million to $32 million . Bankrate reports third quarter 2016 financial results .Q3 revenue rose 29 percent to $128.8 million.  Full Article

Bankrate Q2 revenue jumps 10 pct
Thursday, 4 Aug 2016 04:01pm EDT 

Bankrate Inc : Bankrate reports second quarter 2016 financial results . Q2 revenue rose 10 percent to $98.3 million . Sees Q3 2016 revenue $110 million to $116 million .Says revenue is expected to be in range of $110 million to $116 million in FY16.  Full Article

Bankrate closes acquisition of Nextadvisor business
Monday, 20 Jun 2016 08:00am EDT 

Bankrate Inc :Bankrate announces closing of acquisition of Nextadvisor business.  Full Article

BRIEF-Bankrate stockholders approve merger with Red Ventures

* Bankrate Inc - about 99 pct of all votes cast, which represents approximately 90 pct of all outstanding shares on August 14, voted in favor of merger​ Source text for Eikon: Further company coverage: