S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

IAC Interactive (IACI): Bad News All Around

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

IACI (IACI) released second quarter 2007 results , reporting $1.5 billion in revenue, a 6% rate of growth over the prior year, and $136 million in Operating Income Before Amortization, compared to $165 million in the year ago period. Adjusted EPS was $0.31, compared to $0.32 in the year ago period.

Operating income fell 33% to $54.4 million.

On a segment basis, revenue at the big retailing operation, which includes HSN, was up only 1% to $701.4 million. Operating income for the division fell 31% to $34.5 million.

Revenue in the transaction segment, which includes TicketMaster, was up 2% to $441.9 million. Operating income fell 36% to $48.5.

The media and advertising segment, which includes Ask.com, had revenue growth of 33% to $174 million. But, the segment had a loss of $10.7 million.

It looks like the small conglomerate is not doing very well.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

IACI (IACI) Spin-Off Plan May Turn Into Auction

Barry Diller planned to break his IACI (IACI) into several pieces. The company is a collection of cats and dogs…
Douglas A. McIntyre |

IAC/Interactive Is Not An Internet Company

IAC  (IACI) has the word "interactive" in its name. And, it owns Ask.com, which as about 5% of the online…
Paul Ausick |

News Corp. Looks Good on One-Time Items

thinkstockNews Corp. (NASDAQ: NWSA) reported first fiscal quarter 2013 earnings after markets closed today. For the quarter, the media giant…
What Investors Didn’t Like About Tyson Foods Earnings
Paul Ausick |

What Investors Didn’t Like About Tyson Foods Earnings

Tyson Foods posted much-better-than-expected sales and earnings for its first fiscal quarter, and raised its full-year earnings estimate. So why…
Chris Lange |

Strong Operating Income Pulls Disney Through

Walt Disney reported better-than-expected fiscal first-quarter results Tuesday after the markets closed.
Douglas A. McIntyre |

Barry Diller Gets Wish To Hammer IACI (IACI) Shareholders

Barry Diller and John Malone went after one another in court over whether Diller could get shareholders in IAC/Interactive (IACI)…
Chris Lange |

Garmin Earnings Get Boost From Fitness, Aviation Revenues

Garmin reported its better-than-expected third-quarter results Wednesday before the market opened.
Douglas A. McIntyre |

Despite Many Drops, Disney Delivers (DIS)

The Walt Disney Company (NYSE: DIS) is out with earnings and the report is a solid one compared to what…
Disney Earnings Fail to Impress but Signal Solid Growth
Chris Lange |

Disney Earnings Fail to Impress but Signal Solid Growth

The initial impression from market analysts is that these earnings are fundamentally sound, business is good and that the company…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618