IAC Inc. (NASDAQ: IAC) shares surged 5.42% in pre-market trading on Thursday, following the company's better-than-expected fourth-quarter earnings and strategic moves aimed at enhancing shareholder value and unlocking growth potential.
The internet media conglomerate reported a 1.5% revenue beat, although earnings per share fell short of analyst estimates by 69%. Despite the mixed results, investors were encouraged by IAC's robust cash flow, strong balance sheet, and strategic initiatives, including the planned spin-off of its Angi home services subsidiary.
The spin-off, set to be completed by March 31, is expected to unlock value for shareholders and enable greater focus on Angi's growth opportunities. Additionally, IAC's chairman, Barry Diller, hinted at plans to increase the company's ownership in MGM Resorts International, viewing it as an undervalued asset with significant growth prospects.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。