Online Travel Agency Posts Increase

  • November 3, 2004
IAC/InterActiveCorp, owner of online travel agency, reported on Wednesday that its third-quarter net income rose to $89 million, up from $19 million last year. Revenue was $1.51 billion, which was down from $1.61 billion a year, but the company said that was due to an accounting change at The company's stock closed the day 13.68 percent higher, at $25.01.
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