Friday, February 26, 2016

Bankrate Inc. (RATE) Plummeted After Google Competition Impacted Q4 Results

Bankrate Inc. (RATE) reported fourth quarter results after the bell Wednesday fell short of its updated earnings guidance. The company stated that its results were impacted by a significant reduction in ad budgets by deposit advertisers and by Google's (GOOGL) test placement of a version of its Compare service.

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