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| ![]() | ![]() MAY 3, 2004 ![]()
![]() WORD ON THE STREET Piper Jaffray Keeps Outperform on InterActive Still, analyst Safa Rashtchy says the media giant's first quarter was weak Piper Jaffray keeps its outperform rating on InterActive (IACI ). Analyst Safa Rashtchy says InterActive reported a weak first quarter with travel revenues and margins below his estimate, dropping faster than he anticipated. He notes there's not enough strength in other segments to offset this. Both the $1.471 million in revenues and the $43 million in operating income were below his $1.498 million and $69 million estimates, respectively. Rashtchy believes InterActive will be at the mid-to-low end of its $415 million to $416 million 2004 operating income guidance. He expects the stock to be weak unless there is significant positive comments during a confernce call today, especially as it relates to travel revenues and margins. ![]() All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
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