IAC/InterActiveCorp Earnings: Shareholders are Rewarded

IAC/InterActiveCorp (NASDAQ:IACI) swung to a profit in the first quarter but still missed analysts’ estimates. IAC operates internet businesses in the United States and a number of jurisdictions abroad. Its businesses segments are: Search, Match and ServiceMagic and Media & Other.

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IAC/InterActiveCorp Earnings Cheat Sheet for the First Quarter

Results: Swung to a profit of $18.1 million (19 cents/diluted share) in the quarter. The IAC/InterActiveCorp had a net loss of $18.7 million or a loss 16 cents per share in the year earlier quarter.

Revenue: Rose 19.2% to $460.2 million YoY.

Actual vs. Wall St. Expectations: IACI fell short of the mean analyst estimate of 26 cents/share. Estimates ranged from 23 cents per share to 33 cents per share.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 19.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 25.3% from the year earlier quarter.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), AOL, Inc. (NYSE:AOL), Answers Corporation (NASDAQ:ANSW), Microsoft Corporation (NASDAQ:MSFT), Demand Media Minc. (DMD), InfoSpace, Inc. (NASDAQ:INSP), The Knot, Inc. (NASDAQ:KNOT), Sohu.com Inc. (NASDAQ:SOHU), NewsCorp (NASDAQ:NWSA), Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Rediff.com India Ltd. (NASDAQ:REDF).

Today’s Performance: Shares of IACI are trading at $33.75 as of April 26, 2011 at 10:53 AM ET, up over 5% from the previous closing price of $31.88.

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