IAC/InterActive Reports 26 Cent Adjusted EPS (IACI)

New York, New York-based IAC/InterActiveCorp. IACI released financial results on Wednesday morning. IAC/InterActiveCorp announced 4th quarter net income of $87.0 million, or 90 cents per share, compared to a net loss of $1.04 billion, or $7.94 per share, a year earlier. Excluding special items, the company reported earnings of 26 cents per share. IAC/InterActiveCorp reported revenue of $451.4 million, up 27% from $355.7 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 34 cents per share, on revenue of $429.71 million. IAC/InterActiveCorp. (IACI) finished the previous trading day at $28.55 per share. The consensus price target of analysts covering the company's stock is $32.93 per share. IAC/InterActiveCorp operates more than 50 leading and diversified Internet businesses across 30 countries, with a mission to harness the power of interactivity to make daily life easier and more productive for people all over the world. Read more from Benzinga's Company news.