IAC/InterActive Q4 Profit Jumps - Quick Facts

(RTTNews) - IAC/InterActiveCorp. (IACI) posted a sharp rise in fourth-quarter 2013 GAAP net income attributable to IAC shareholders to $76.9 million, or $0.88 a share, from last year's $40.7 million, or $0.43 a share. On an adjusted basis, quarterly net income came in at $91.1 million, or $1.04 a share. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.91 for the quarter. Analysts' estimates typically exclude special items.

On the other hand, the firm clocked revenue of $724.5 million in the quarter, down by 5%, compared with $765.3 million, a year before. Analysts expected revenue of $743.67 million for the quarter.

The board declared a quarterly cash dividend of $0.24 per share, payable on March 1, 2014 to IAC stockholders of record as of the close of business on February 15, 2014.