IAC: Q1 Earnings Snapshot

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.


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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up