IAC Earnings Release and Letter to Shareholders Available on Company's IR Site
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BMO Capital Reiterates Outperform on IAC (IAC) Following Mixed 2Q
July 29, 2016 9:35 AM EDTBMO Capital reiterated an Outperform rating and $75.00 price target on IAC/InterActiveCorp (NASDAQ: IAC) following the company's 2Q earnings report. IAC reported revenue of $130.2mm, above the Street's $125.3mm. Non-GAAP EPS of $0.42 was below the Street's $0.49.
Analyst Dan Salmon commented, "2Q16 HomeAdvisor... More
IAC (IAC) Misses Q2 EPS by 8c
July 27, 2016 4:58 PM EDTIAC (NASDAQ: IAC) reported Q2 EPS of $0.42, $0.08 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $745.4 million versus the consensus estimate of $747.55 million.
Match Group revenue increased 21% to $301.1 million driven by a 23% increase in Dating revenue due to 30% growth in Average PMC to over 5.3 million globally.Operating income increased 82%... More