NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported first-quarter earnings of $45 million.
On a per-share basis, the New York-based company said it had net income of 51 cents. Losses, adjusted for non-recurring gains, came to 93 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.
The Y posted revenue of $929.7 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $937.7 million.
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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
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