IAC InterActiveCorp (IACI) NewsBite - IACI Reports Fourth-Quarter Earnings
Posted: Tuesday, February 09, 2010 10:50 AM EDT
By: Market Intelligence Center Staff
IAC InterActiveCorp (NASDAQ: IACI) opened at $21.70. So far today, the stock has hit a low of $21.61 and a high of $22.25. IACI is now trading at $21.99, up $0.83 (3.9%). Over the last 52 weeks the stock has ranged from a low of $13.23 to a high of $22.28. IACI reported earnings this morning, posting a fourth-quarter loss of $1.01 billion, or $7.94 per share. Excluding one-time items, IACI earned 20 cents per share on revenue of $367 million, topping analysts' profit forecasts of 18 cents per share on revenue of $339 million. Technical indicators for the stock are neutral and S&P gives IACI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on IACI the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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