Slim 1Q Growth for IAC
Filed in archive Dating Sites by Mark Brooks on May 03, 2007

and Ask.com arms had a strong quarter. Devitt rates the company "Hold." In a March 27 note to investors, AG Edwards analyst Denise Garcia initiated coverage of the stock with a "Hold/Aggressive" rating. The analyst wrote that the company's non-retail businesses should see 20% sales growth on average, but that growth won't be able to offset HSN's sluggish sales and margin declines. Shares rose 1.4% during the quarter, closing at $37.71 on March 30. In the past 52 weeks, the company's stock has traded between $23.54 and $40.99. FULL ARTICLE @ OPWMark Brooks: Golden boy, former Match.com CEO Jim Safka has trekked off to San Francisco to help a new fold of IAC companies add gold to IAC's coffers. During his watch Match.com refocused and grew steadily to $300+ million annual revenues.
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