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Bankrate’s first-quarter earnings rise

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Bankrate's first-quarter revenue totaled $19.8 million, an increase of $9.4 million, or 90 percent, over the $10.4 million reported in the first quarter of 2005, the company announced Tuesday. The company said that excluding stock compensation expenses, earnings for the latest quarter were 21 cents per share. Five analysts on average expected the company to earn 19 cents a share for the latest quarter, before exceptional items, according to Reuters Estimates. Bankrate also said it is raising its 2006 revenue outlook to $80 million to $82 million from its previous view of $79 million to $80 million. Earnings before interest, taxes, depreciation and amortization "EBITDA," excluding stock compensation expense for the quarter, were $6.6 million, an increase of $3.7 million, or 128 percent, over the $2.9 million for the first quarter of 2005, the company said. Pre-tax income, excluding stock compensation expense for the quarter, was $6.1 million, which is an increase of 98 percent over th...