NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported a loss of $142.2 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of $1.71. Earnings, adjusted for investment costs, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The Y posted revenue of $949.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $938.6 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 This material may not be published, broadcast, written or redistributed.
