This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

InterActiveCorp Lifted by Travel

Barry Diller's InterActiveCorp (IACI - Get Report) saw second-quarter profit contract due to a huge gain in the year-ago quarter, but posted a 38% rise in revenue thanks to big gains at its Expedia (EXPE - Get Report) and Hotels.com (ROOM) portfolio companies.

InterActiveCorp, which used to be called USA Interactive, earned $96.2 million, or 16 cents a share, in the latest quarter, on revenue of $1.53 billion. That compares to earnings of $2.28 billion, or $5.51 a share, on revenue of $1.11 billion last year. The year-ago quarter included a gain of $2.38 billion related to its USA Entertainment stake; before that, InterActiveCorp lost $86.7 million, or 22 cents a share.

Earnings from continuing operations were $57.9 million, or 9 cents a share, in the latest quarter. The company also posted "adjusted" earnings of 18 cents a share, which topped the analyst consensus compiled by Thomson First Call by a penny.

Driving revenue was a 73% top-line gain at Expedia and a 47% jump at Hotels.com, reflecting strength in the merchant lodging and international businesses. Overall revenue from electronic retailing was $527 million, up 18%, while HSN's U.S. revenue rose 8%.

For all of 2003, InterActive said it expects to meet or exceed its own estimate for adjusted earnings of 75 cents a share. The First Call estimate is for full-year earnings of 78 cents a share. The outlook was sending the shares lower on Instinet. They were recently down $1.90, or 5%, to $37.60.

Among other metrics, ticketing revenue grew 7% to $187.5 million from $175.4 million, reflecting higher revenue per ticket, offset by a slight decrease in tickets sold. Personals revenue increased 62% to $48.2 million from $29.7 million.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs