InterActiveCorp (IACI +7.5%) surges after reporting Q3 revenue of $516.9M (+25% Y/Y) and EPS of...

|By:, SA News Editor

InterActiveCorp (IACI +7.5%) surges after reporting Q3 revenue of $516.9M (+25% Y/Y) and EPS of $0.69, beating consensus by $23.3M and $0.16, and declaring its first quarterly dividend ($0.12/share). "I think it's an outdated and somewhat inane concept that high-growth companies shouldn't pay dividends," asserts CEO Barry Diller.