| com, a French travel site 56 million, or 1 cent per share, compared with about $1
Diller said the company would be less aggressive in buying other companies in the coming year
Adjusted to reflect accounting changes and the company's complicated relationship with Vivendi Universal, IAC reported nine-month income of $392 million, or 51 cents per share, compared with $61 6 million, or 8 cents per share in the same period last year 74 on the Nasdaq Stock Market 26 or 9 percent at $33
Nov 5, 3:17 PM EST
Shares of Barry Diller's InterActiveCorp slumped Wednesday as the electronic commerce company reported third-quarter earnings that disappointed investors 4 percent stake in Vivendi Universal Entertainment, which is being sold to General Electric's NBC IAC also saw gains in its ticketing, personals and electronic retailing segments, the company said 28 per share for the same period last year
"Operationally, in all of our business segments, we should have a spectacular year," vice chairman Victor Kaufman said in a conference call with analysts
During the quarter, IAC acquired Hotwire, a Web site that allows users to bid on air fares and hotel rooms, and Anyway 6 million pretax charge related to the termination of a satellite contract 30, reporting net income of $18 2 billion, which would fall short of the high end of its published budget 61 billion from $1
On an adjusted basis, before amortization and other charges, IAC reported net income of $130 million, or 17 cents per share, compared with $48 million, or 7 cents per share in the same quarter last year com and the Home Shopping Network, swung to a profit in the quarter ending Sept
Revenue in its travel segment, which includes Expedia and Hotels "The work of the next year will be to continue to execute the agenda, build these brands, figure out ways these brands relate to each other," Diller said 18 billion com taking a $4 IAC also repurchased $59 million worth of bonds at greater than face value during the quarter to improve its cash position
Revenue and income increased in all of the company's core segments 2 million pretax charge to write off the cost of packaging software as it adopted technology being used by Expedia com, increased 60 percent in the quarter, even as the operations faced more competition from other online travel sites and similar services offered by large hotel chains InterActiveCorp Shares Fall in 3rd Qtr 80 billion, or $4
"We are happy with our existing securities, especially in the hands of GE," Diller said
"We continue to gain share against our competitors," chairman and chief executive officer Barry Diller said
The company said results were hurt by unexpected one-time charges, including Hotels
The company said Wednesday that its operating income before amortization for the full year should be from $1 billion to $1
The results fell short of the 18 cents per share expected by analysts surveyed by Thomson First Call iac
Revenues rose 36 percent to $1 com
InterActiveCorp's shares were down $3 Diller said the company's goal was to be the largest booking agent of travel, online and off, within three years
The company, which owns Ticketmaster, Expedia, Match 7 million, or 2 cents per share, compared with a net loss of $36
Diller also said the company continues to hold its 5 The company also said that full-year results could fall short of estimates
Executives blamed unforeseen one-time charges
For the first nine months of the year, IAC reported net income of $1 2 million, or 9 cents per share, for the same period last year
The company's TV Travel Shop division also took a $4
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