NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Monday reported a loss of $243.7 million in its third quarter.
On a per-share basis, the New York-based company said it had a loss of $2.93.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The Y posted revenue of $938.7 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $923.6 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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