IAC/InterActive (IACI) Tops Q3 EPS by 23c, Extends Pact with Google (GOOG)
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RBC Capital Cuts Price target on IAC/InterActive (IACI) Following 3Q Results
October 28, 2015 9:25 AM EDTRBC Capital reiterated a Sector Perform rating on IAC/InterActiveCorp (NASDAQ: IACI), and cut the price target to $70.00 (from $83.00), following the company's 3Q earnings results. Revenue of $839MM, up 7% Y/Y, exceeded Street expectations of $821MM.
Analyst Mark Mahaney commented, "IACI... More
3Q Results Overshadowed as IAC/InterActive (IACI) Issues Concerns over Google (GOOG) Contract; Needham & Company Cuts Price Target to $76
October 27, 2015 3:55 PM EDTNeedham & Company reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IACI), and cut the price target to $76.00 (from $86.00), following the company's 3Q15 earnings results. While Search revenue and EBITDA were modestly above expectations, the attention is likely to be on IACs renewal of its Google (NASDAQ:... More
