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 the $3.1 million reported in Q1 2005, Bankrate reported.

Net income for the first quarter of 2006 was $2.3 million, or 14 cents per diluted share including a non-cash stock compensation charge, compared with $1.9 million, or 12 cents per diluted share, in the first quarter of 2005 with no stock compensation expense, the company said.

Bankrate continually surveys approximately 4,800 financial institutions in all 50 states in order to provide rates to consumers.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
The Connect Expo: Explore the Latest Business ToolsCHECK IT OUT×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription