NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Monday reported second-quarter profit of $211.5 million.
The New York-based company said it had profit of $2.57 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The Y posted revenue of $586.9 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $602.2 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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