IAC/InterActiveCorp (IAC) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.34. The company posted revenue of $819.20 million in the period, compared to analysts expectations of $806.30 million. The company’s revenue was up 6.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on IAC/InterActiveCorp. IAC/InterActiveCorp was Resumed by BofA/Merrill to “Buy” on Feb 29, 2016. Shares were Reiterated by Axiom Capital on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 74 from a previous price target of $84 .Stifel Upgraded IAC/InterActiveCorp on Feb 12, 2016 to ” Buy”, Price Target of the shares are set at $52.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.