By: Benzinga
UPDATE: Bankrate Posts Downbeat Q4 Profit, Issues Weak 2013 Revenue View
Bankrate (NYSE: RATE ) reported a weaker-than-expected Q4 profit and issued downbeat 2013 revenue forecast. Bankrate's quarterly net income declined to $300,000, or break-even profit, versus $14 million, or $0.14 per share, in the year-ago period. Excluding items, it earned $0.06 per share. Its revenue dropped 18% to $93.2 million. However,
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