Welcome to WebmasterWorld Guest from 54.224.0.153

Forum Moderators: open

Message Too Old, No Replies

IAC's Got Candy Everybody Wants

     
6:02 pm on Oct 31, 2006 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:23040
votes: 330


You've got to love companies that are up to the challenge of posting quarterly results on Halloween. In the case of IAC/InterActiveCorp (Nasdaq: IACI), it was more treats than tricks as the company beat Wall Street's profit targets for the fifth straight time.

IAC posted an 11% boost in September quarter revenue to $1.6 billion. Profits clocked in at $0.24 a share after a $0.20-per-share showing a year earlier. However, analysts prefer to key in on the operating profits of an acquisitive-happy company like IAC before considering amortization costs. On that basis, the pros were expecting $0.33 a share, while the company wound up earning $0.35 a share.

IAC's Got Candy Everybody Wants [news.moneycentral.msn.com]

IAC, of course, owns Ask.com

6:36 pm on Oct 31, 2006 (gmt 0)

Moderator from US 

WebmasterWorld Administrator martinibuster is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:Apr 13, 2002
posts:14156
votes: 194


From the NYTimes:
[nytimes.com...]

Financial analysts say that IAC/Interactive’s performance, beyond its stock price, is less than stellar. For example, they note that the company is earning less than half as much on its capital as it is paying to borrow it.

“Returns are now improving, but it is like a dredging exercise,” said Bennett Stewart, chief executive of EVA Dimensions, a financial research firm. “You’re pulling the boat out but it is still underwater.”

 

Join The Conversation

Moderators and Top Contributors

Hot Threads This Week

Featured Threads

Free SEO Tools

Hire Expert Members