IAC earnings top expectations as company says it's refocusing on the 'basics'

IAC/InterActiveCorp. topped earnings expectations for its latest quarter on Monday while matching expectations on revenue and promising a return to the “basics” this year.

The company generated a fourth-quarter net loss of $1.4 million, or 2 cents a share, whereas it generated net income of $13.0 million, or 14 cents a share, in the year-earlier quarter. Analysts tracked by FactSet were expecting a 55-cent loss per share on a GAAP basis. “The ad market softened appreciably in November and December, as many brands froze their marketing spending in a season when budgets normally peak,” IAC Chief Executive Joey Levin said in a shareholder letter.

“I don’t regret the efforts we made over the last several years to access new markets and transform the homeowner experience – we need to take risks and try new things,” Levin said in the shareholder letter. “I only regret that, in the pursuit of those new opportunities, I believe we lost sight of some of the basics.”

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

USD/CHF Price Analysis: Approaches critical resistance below 0.9300 amid a dismal market moodUSD/CHF Price Analysis: Approaches critical resistance below 0.9300 amid a dismal market mood USDCHF Fibonacci SupportResistance RiskAversion Inflation
แหล่ง: FXStreetNews - 🏆 14. / 72 อ่านเพิ่มเติม »

Microsoft has a long path of earnings growth ahead, says Morgan StanleyAccelerating earnings growth has "catalyzed" strong stock performance for Microsoft in the past and can do so again, says an analyst. If anyone is left alive to buy, sure. Interesting
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Marathon earnings, CPI and Fed speeches top week aheadAn Apple artificial intelligence event as well as earnings from Biogen, Cisco Systems and Marriott Hotels set the stage for a busy week on Wall Street.
แหล่ง: FoxBusiness - 🏆 458. / 53 อ่านเพิ่มเติม »