IAC InterActive Corp. (IACI) Stock Needs To Be Bought
IAC/InterActiveCorp. (IACI), owner of Ticketmaster and the HSN home shopping network channel, Tuesday said that third-quarter profit rose 10.1 percent on a modest rise in retailing and strong growth in ticket sales.
The New York-based company, run by former media executive Barry Diller, reported that net income available to common shareholders increased to $74.95 million, or 24 cents per share, from $68.08 million, or 20 cents per share, last year.
"The lending and real estate segments continue to face challenging macro headwinds ... and retailing continues to have anemic growth," Goldman Sachs Analyst Anthony Noto wrote. "Thus, it is increasingly important that solid trends continue in businesses such as Ask.com, personals and ticketing."
IAC also owns Citysearch, Evite and other Web sites.
Excluding noncash compensation expenses and other costs, IAC earned 35 cents per share, beating the average analyst estimate of earnings of 33 cents per share, according to a poll by Thomson Financial. Revenue missed the $1.61 billion estimate.
This is one of our favorite companies on Wall Street. They own all the websites that people need. With web advertising to double over the next few years IAC is perfectly placed. Ask.com is also an issue. This is the second best web search engine behind Google (GOOG) in terms of asthetics. Their major marketing campaign which initiated this year has proven to be very effective. This is a better more innovative company than Yahoo (YHOO) and will begin to ween into Yahoo's traffic dominance. Yahoo is on its way out. This stock is a strong buy.
The New York-based company, run by former media executive Barry Diller, reported that net income available to common shareholders increased to $74.95 million, or 24 cents per share, from $68.08 million, or 20 cents per share, last year.
"The lending and real estate segments continue to face challenging macro headwinds ... and retailing continues to have anemic growth," Goldman Sachs Analyst Anthony Noto wrote. "Thus, it is increasingly important that solid trends continue in businesses such as Ask.com, personals and ticketing."
IAC also owns Citysearch, Evite and other Web sites.
Excluding noncash compensation expenses and other costs, IAC earned 35 cents per share, beating the average analyst estimate of earnings of 33 cents per share, according to a poll by Thomson Financial. Revenue missed the $1.61 billion estimate.
This is one of our favorite companies on Wall Street. They own all the websites that people need. With web advertising to double over the next few years IAC is perfectly placed. Ask.com is also an issue. This is the second best web search engine behind Google (GOOG) in terms of asthetics. Their major marketing campaign which initiated this year has proven to be very effective. This is a better more innovative company than Yahoo (YHOO) and will begin to ween into Yahoo's traffic dominance. Yahoo is on its way out. This stock is a strong buy.
posted by Stock Administrator @ 5:32 PM
0 Comments:
Post a Comment
<< Home