IAC: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported a loss of $390.5 million in its third quarter.
NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported a loss of $390.5 million in its third quarter.
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The New York-based company said it had a loss of $4.72 per share. Losses, adjusted for investment costs, were 30 cents per share.
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The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.
The Y posted revenue of $1.11 billion in the period, which matched Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IAC at https://www.zacks.com/ap/IAC