Close

Needham & Company Maintains 'Hold' on IAC/InterActiveCorp (IACI); 4Q11 Preview: Lowering 4Q11 Estimates

January 27, 2012 9:27 AM EST
Get Alerts IACI Hot Sheet
Price: $50.68 -2.86%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Needham & Company maintains 'Hold' on IAC/InterActiveCorp (NASDAQ: IACI).

Needham analyst said, "We are lowering our 4Q11 estimates to reflect our concerns over the impact of lower Cost-per-Click rates on Search revenue and slowing unique visitor growth across many of IAC’s businesses."

"Our below consensus 4Q11 estimates reflect our concern that a decline in CPC rates and decline in unique visitors could signal a slow down in revenue growth. Our 4Q11 revenue estimate is $564 million compared to consensus of $566 million and our adjusted EPS estimate of $0.51 is also below consensus estimate of $0.55."

For an analyst ratings summary and ratings history on IAC/InterActiveCorp click here. For more ratings news on IAC/InterActiveCorp click here.

Shares of IAC/InterActiveCorp closed at $41.48 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Needham & Company