IAC/InterActive (IAC) Misses Q4 EPS by 18c
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Needham & Company Cuts Price Target on IAC/InterActiveCorp (IAC) Following 4Q
February 4, 2016 8:21 AM ESTNeedham & Company maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC), and cut the price target to $62.00 (from $78.00), following the company's 4Q earnings report. Publishing revenue for 4Q15 was $180M, down 13% y/y, but slightly above consensus of $176M. Needham expects FY16 Publishing and Applications revenue... More
Less Love for Match Drives IAC (IAC) PT Reduction at Susquehana
February 4, 2016 7:11 AM ESTSusquehana analyst, Shyam Patil, thinks IAC/InterActiveCorp (NASDAQ: IAC) pullback is so severe that negative value is being ascribed to Homeadvisor and Vimeo offering a compelling risk/reward. Cutting PT to $67 from $75 due to the reduced value of Match shares.
IAC began reporting its new segments with its 4Q results. The new segments are Match Group, Video (which includes Vimeo), HomeAdvisor, Publishing, Applications, and Other; the previous segments were Search & Application, The Match Group, Media, and eCommerce.
Revenue of $848.7 million missed consensus by 2%, though lower COGS helped drive EBITDA of $160.8m (18.9% margins)... More
