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IAC/InterActiveCorp (IACI Quote) posted a third-quarter profit gain and set a plan to buy back 60 million shares.
The New York-based online conglomerate made $75 million, or 24 cents a share, for the quarter ended Sept. 30, up from the year-ago $68 million, or 20 cents a share. Excluding certain items, earnings rose to 35 cents a share from 32 cents a year earlier. Revenue rose 11% from a year ago to $1.6 billion.
Analysts surveyed by Thomson Financial were looking for a 33-cent profit on sales of $1.61 billion. ...
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