Market Currents

• Tuesday, October 27, 2009

• 08:24 AM IAC/InterActiveCorp (IACI): Q3 EPS of $0.34 beats by $0.21. Revenue of $337M (-8.9%) in-line. Shares +1.3% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!

• Wednesday, September 16, 2009

• 13:23 PM IAC/InterActiveCorp (IACI +1.3%) honcho Barry Diller says he wants to use cash to repurchase stock instead of shopping for overvalued media firms, and has "zero interest" in a stake in NBC Universal (GE). Buybacks are way down overall, but IAC has $1.6B in cash and just $96M in long-term debt. Comment!

• Wednesday, July 29, 2009

• 08:10 AM IAC/InterActiveCorp (IACI): Q2 EPS of $0.02 misses by $0.07. Revenue of $340M (-4%) vs. $335M. Shares +0.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AMT, ARW, BPO, BWA, CCE, COP, EQT, GD, HES, HL, HSP, IACI, JNY, MCO, MDCO, MHS, MT, MWV, NYB, PAG, PX, Q, RCL, S, SAP, SEE, SLAB, SMG, SO, SPIL, TEL, TLM, TWC, TWX, UMC, VPHM, WLP, WPI, WYN Comment!

• Monday, July 27, 2009

• 09:18 AM NBC Entertainment (GE) co-chairman Ben Silverman leaving to form new company with IAC/InterActiveCorp (IACI). The new venture, to be headed by Silverman, "will unite producers, creators, advertisers and distributors under one roof and produce all forms of content for distribution across a variety of platforms around the world." (PR) Comment!

• Thursday, April 30, 2009

• 08:02 AM IAC/InterActiveCorp (IACI) is in talks to buy Yahoo Personals, Yahoo's (YHOO) online dating service. The dating site could be worth around $500M. Comment!

• Wednesday, April 29, 2009

• 07:37 AM IAC/InterActiveCorp (IACI): Q1 EPS of -$0.02 misses by $0.02. Revenue of $332M (-10.4%) vs. $330M. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABX, AET, AMG, AMT, ARW, BHI, BKC, CNP, ENDP, FCN, GD, GT, HES, IACI, JNY, MCO, MHS, MT, MTG, MWV, NYB, PX, Q, RAI, RDS.A, ROK, SAP, SEE, SI, SO, SPIL, SPW, TEL, TLM, TWC, TWX, UMC, VPHM, WMI, WYE, WYN Comment!

• Wednesday, April 1, 2009

• 09:32 AM MySpace (NWS) will collaborate with IAC/InterActiveCorp's (IACI) Citysearch as it tries to tap into the fast-growing local online-ads market. Comment!

• Tuesday, March 10, 2009

• 15:07 PM Once again in February, Google (GOOG) expands its lead in U.S. internet search - at the expense of Yahoo (YHOO), Microsoft (MSFT), and Ask.com (IACI). According to Hitwise, GOOG captured 72.1% of the market, up from 66.5% a year ago. YHOO 17% vs. 20.6%. MSFT 5.6% vs. 7%. Ask.com 3.7% vs. 4.1%. 1 Comment

• Tuesday, February 3, 2009

• 07:43 AM IAC/InterActiveCorp (IACI): Q4 EPS of $1.69 beats by $1.49. Revenue of $351M (-7.4%) vs. $368M. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, ADP, AVP, BP, CAM, CE, CME, CMI, COCO, COL, DHI, DOW, EMR, ETR, HNT, IACI, KSU, LPX, MDU, MOT, MRK, MRO, MYGN, NNN, NOC, PEG, PNC, PRGO, SGP, TYC, UPS, WEC Comment!

• Wednesday, January 7, 2009

• 11:21 AM IAC/InterActiveCorp (IACI) CEO Barry Diller on the ongoing success of Match.com: "People want an emotional future if they can’t have a financial one right now." 1 Comment

• Friday, December 26, 2008

• 14:05 PM If IAC (IACI) CEO Barry Diller wants to avoid Liberty Media's (LINTA) Chinese water torture (it sold another 334K shares Wednesday after selling 564K last week), he should return some of IAC's cash to shareholders. Comment!

• Monday, November 24, 2008

• 09:09 AM A severe dearth of debt financing has "untethered internet stock valuations from their fundamentals," Bernstein says, dropping targets on GOOG, YHOO, IACI, AMZN and EBAY. "It is unclear when the resultant downdraft in prices will abate." 1 Comment