- Associated Press - Wednesday, October 27, 2010

THE GROWTH: Third-quarter revenue for IAC/InterActiveCorp, the Internet company run by billionaire Barry Diller, climbed 25 percent from last year. The change stems mainly from growth in IAC’s search business and Match online dating business.

ANALYST EXPECTATIONS: IAC’s revenue of $421.7 million and adjusted profit of 32 cents per share were well ahead of estimates from analysts polled by Thomson Reuters.

STOCK JUMP: IAC shares climbed in afternoon trading. It traded as high as $28.25 _ its most expensive point in nearly three years.



Click to Read More

Click to Hide