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UPDATE: IAC/InterActiveCorp (IACI) Paused; Diller Says 8-K Guidance May Have Been Misread

October 24, 2012 11:35 AM EDT Send to a Friend
(Updated - October 24, 2012 11:38 AM EDT)

IAC/InterActiveCorp (NASDAQ: IACI) halted on circuit breaker. CEO Diller says someone may have misread guidance.

From the 8-K filed earlier:

Reconciliation of Estimated 2013 Operating Income Before Amortization to Estimated 2013 Operating Loss for the Registrant’s Media and Other Reporting Segments


(in millions)


 


 


 


2013 (Estimated)


 


 


 


Low


 


High


 


Operating Income Before Amortization


 


$


(25.0


)


$


(30.0


)


Non-cash compensation expense


 


(0.9


)


(0.9


)


Amortization of intangibles


 


(2.4


)


(2.4


)


Operating loss


 


$


(28.2


)


$


(33.2


)





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