Bankrate Shares Fall After Earnings Miss

Bankrate Inc. shares dropped in the extended session Wednesday after the online personal-finance content company's quarterly results fell short of Wall Street expectations. Shares of Bankrate fell 10% to $9.86 after hours. The company reported adjusted fourth-quarter earnings of 16 cents a share on revenue of $113.6 million. Analysts surveyed by FactSet had estimated 19 cents a share on revenue of $120.2 million. Bankrate expects revenue of $115 million to $118 million for the first quarter, and $500 million to $515 million for the year. Analysts estimate $113.9 million for the first quarter, and $498.3 million for the year.