IAC/InterActiveCorp. Earnings: Here’s Why Investors Don’t Like These Results
IAC/InterActiveCorp. (NASDAQ:IACI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.82%.
IAC/InterActiveCorp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 62.75% to $0.83 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 15.86% to $742.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: IAC/InterActiveCorp. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.69. It missed the average revenue estimate of $757.29 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 3.01% from $765.25 million in the previous quarter. EPS increased 1.22% from $0.82 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.98 to a profit $0.95. For the current year, the average estimate has moved down from a profit of $3.74 to a profit of $3.62 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)