IAC/Interactive (IACI), Barry Diller‘s Internet conglomerate, this morning reported better-than-expected results for the third quarter.
The company posted revenue of $421.7 million and non-GAAP profits of 32 cents a share, ahead of the Street consensus at $399.1 million and 27 cents. The company noted that revenue from its Internet search business was up 20% in the quarter, while Match.com saw a 31% increase in revenue� versus a year ago.
The company said� it bought back $125.2 million worth of common stock between July 24 and October 22.
IACI this morning $1.28, or 4.8%, to $27.75.
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