Diamonds and Dogs
10/16/12Bankrate Inc. (RATE)
Bankrate is getting crushed today, down 22.41% at $11.25. The personal finance company saw its shares crash and burn today after releasing its preliminary quarterly earnings estimates. Bankrate's third-quarter outlook was an adjusted EPS of $0.11 to $0.13 on revenue of $115.5 million to $117.5 million versus the consensus of $0.20 and $132.7 million. Management stated that the miss on earnings was due to adjustments in their insurance leads business. Bankrate now expects full-year revenue growth of 8% to 12% from a year ago. The company set a new 52-week low today by over $3.00.
Domino's Pizza Inc. (DPZ)
Domino's Pizza is making dough today, up 7.64% at $41.16. The pizza delivery company saw its shares bake up nicely after beating third quarter estimates. Domino's reported an EPS of $0.43 beating Wall Street analysts' forecast of $0.41. Net income grew to $26 million, or 44 cents per share, for the company's fiscal third-quarter, ended September 9th. Furthermore, same store sales grew 3.3% domestically and 5% internationally pushing revenue up 0.5% to $378.1 million. Domino's is trading up near its 52-week high now.
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