IAC/InterActiveCorp. Earnings: Here’s Why the Stock is Up Now

IAC/InterActiveCorp. (NASDAQ:IACI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.7%.

IAC/InterActiveCorp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.47% to $0.95 in the quarter versus EPS of $0.86 in the year-earlier quarter.

Revenue: Rose 17.45% to $799.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: IAC/InterActiveCorp. reported adjusted EPS income of $0.95 per share. By that measure, the company beat the mean analyst estimate of $0.94. It beat the average revenue estimate of $781.63 million.

Key Stats (on next page)…

Revenue increased 7.7% from $742.25 million in the previous quarter. EPS increased 14.46% from $0.83 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.97 to a profit $1.01. For the current year, the average estimate has moved up from a profit of $3.67 to a profit of $3.95 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)