IAC/Interactive Q1 Revs Beat, EPS Misses; Fat Cash Pile

April 29, 2009 at 6:15 am PT

IAC/Interactive (IACI) this morning posted Q1 revenue of $332 million, down 10 percent from a year ago, but a bit above the consensus at $329.7 million. However, the company lost two cents a share in the quarter on an adjusted basis, worse than the Street estimate for a break-even quarter.

IACI said the weak quarter reflected “broader economic pressures on advertising,” as well as actions taken at Ask.com to improve the user experience which have reduced monetization near term.

Read the rest of this post on the original site

Tagged with: advertising, Ask.com, Barrons, digital, Eric Savitz, frontpage, IAC/Interactive, Internet, search, Tech Trader Daily, UI, user experience

comments so far. Add yours.

Must-Reads from other Web sites

“You Get On The Internet And Pretty Soon You’re Drunk”: The Orthodox At Citi Field

Sean Patrick Cooper, Contributor, The Awl

Meet the tireless entrepreneur who squatted at AOL

Daniel Terdiman, Senior writer, CNET

Mark Zuckerberg’s unpleasant new life

Felix Salmon, Finance blogger, Reuters

Anyone can do it. Data journalism is the new punk

Simon Rogers, News editor, the Guardian

Fashion World Mulls Facebook IPO’s Impact

Rachel Strugatz, Editor, Women’s Wear Daily

The Unabomber’s Pen Pal

Jeffrey R. Young, Senior editor, Chronicle of Higher Education

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.