IAC/InterActiveCorp (NAS: IACI) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), IAC/InterActiveCorp beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share improved significantly.
Gross margins improved, operating margins grew, and net margins shrank.
IAC/InterActiveCorp recorded revenue of $680.6 million. The 14 analysts polled by S&P Capital IQ looked for a top line of $666.1 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $485.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.86. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.72 per share. GAAP EPS of $0.52 for Q2 were 21% higher than the prior-year quarter's $0.43 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.2%, 260 basis points better than the prior-year quarter. Operating margin was 14.3%, 230 basis points better than the prior-year quarter. Net margin was 6.4%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $671.0 million. On the bottom line, the average EPS estimate is $0.73.
Next year's average estimate for revenue is $2.67 billion. The average EPS estimate is $2.75.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 338 members out of 375 rating the stock outperform, and 37 members rating it underperform. Among 126 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give IAC/InterActiveCorp a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IAC/InterActiveCorp is outperform, with an average price target of $57.38.
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The article IAC/InterActiveCorp Beats on Both Top and Bottom Lines originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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