MARKET MOVERS
IAC/InterActiveCorp.
February 2, 2012
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The operator of Websites including Match.com and Ask.com reported quarterly profit that topped analysts’ estimates as traffic increased for its search and online-dating sites. The stock rose 6.3 percent to the highest price since January 1993. Earnings, excluding some items, rose to 70 cents a share. Analysts had predicted 54 cents, the average of estimates compiled by Bloomberg. Sales were up 32 percent to $596.9 million. Barry Diller, the billionaire chairman of the company, which operates more than 50 websites, is building digital content and service-oriented businesses as he expands New York-based IAC.
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