NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Monday reported a loss of $21.9 million in its third quarter.
On a per-share basis, the New York-based company said it had a loss of 27 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The Y posted revenue of $589.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $601.8 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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