Bankrate today reported a 6 percent increase in total revenue for the second quarter 2004, or $10.1 million, up from $9.6 million a year ago. Online publishing revenue of $8.7 million in the second quarter was 6 percent higher than the $8.2 million reported in the same period in 2003. Total revenue for the first six months of 2004 was $20.4 million, up 13 percent over the $18.1 million reported in the first half of 2003. Net income for the second quarter was $2.4 million, or $0.15 per share on a diluted basis, excluding a one-time severance charge of $260,000. That's compared to $2.5 million, or $0.16 per share on a diluted basis, for the same quarter in 2003. "The quarter was solid in terms of our revenue and net income performance," said Thomas R. Evans, president and CEO. "While ou...
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