IAC/InterActiveCorp (NASDAQ:IACI) Is Losing Ground Even After Producing Excellent Financial Results in Q1

Posted In Financial, Markets - By Jason Adkins On Thursday, May 1st, 2014 With 0 Comments

Dallas, Texas 05/01/2014 (ustradevoice) –  IAC/InterActiveCorp (NASDAQ:IACI) is one of the most preferred and internet marketing and media company which has its offices spread across various countries in all parts of the world. This company is known for putting one of the most consistent financial performances in the industry. But the response it has received despite several good performances is disappointing for the company.

Market experts estimated Q1 EPS of IAC/InterActiveCorp (NASDAQ:IACI) at $0.55, but when the financial results were announced few days back, company reported a higher than expected EPS figure of $0.59 which nowadays is not seen in the market. Not only in terms of EPS, but company outperformed the market in terms of revenue also. The market experts estimated company’s revenue to revolve around $737.81 million, but again company proved market experts wrong and produced an amazing revenue figure of $740.2 million.

Even after announcing such breathtaking results recently, company’s stocks are not performing good. On Wednesday company finished the day with a loss of 0.46 per share. When asked from market experts about this weird investors’ behavior, no certain reply was received. No one is in a position to speak about this unexpected downfall.

If given attention to company’s officials statements, one can easily understand that they are not worried about this downturn. According to one of the officials,” This is not right to predict the future of the company on the basis of this downturn. This is a short time market behavior and will not put any impact on company’s overall performance in current quarter.

As soon as investors will realize this fact, you will see an upward trend in the stock prices of the company, says one of the spokespeople of IAC/InterActiveCorp (NASDAQ:IACI). Though the management of this leading media company looks determined and to outperform the market once again in next Q2, but the thing that will be noticeable in remaining days is whether the company will be able to gain investors’ trust or not.

About the Author

- Jason Adkins provides in-depth ground reports on round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. Jason has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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