Bankrate (RATE) rises 12% premarket after earnings beat estimates. Revenue grew 16% sequentially marking the "first Q/Q growth since we began culling low performing lead sources a year ago," CEO Thomas Evans said. On the call, Goldman analyst Heath Terry (who downgraded the stock on April 23) noted that "if [you] look back at the last 3 years on average Q4 versus Q1, Q1's grown 16%" every year. "How much of what we're seeing" is seasonality, Terry asked. "Conversions were up, traffic was up, so we think its more than just the normal seasonality," CFO Edward DiMaria responded. The shares are now 52% above GS's target price
News 
Market Data 
Discover 
