IACI Q4 Beats; Stock Gains
IAC/Interactive (IACI), the Barry Diller-piloted Internet conglomerate, this morning posted Q4 results that beat Street expectations.
The company reported revenue of $367.2 million, ahead of the Street at $339.6 million; adjusted EPS of 20 cents a share was two cents better than the consensus at 18 cents. Revenue in the search segment, which accounts for about half of revenue, was up three percent.
Since October 27, IACI has repurchased 15.8 million shares for $311.3 million, an average price of $19.75.