NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported a loss of $199 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $2.39.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The Y posted revenue of $989.3 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $936.4 million.
For the year, the company reported a loss of $539.9 million, or $6.49 per share. Revenue was reported as $3.81 billion.
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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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