IAC: Q1 Earnings Snapshot

NEW YORK, NY (AP). NEW YORK, NY (AP). IAC Inc. reported a first-quarter profit on Tuesday of $417.8 millions.

The New York-based firm reported a profit per share of $4.57. Adjusted for non-recurring gain, the losses per share were $2.06.

Wall Street had high expectations. Zacks Investment Research surveyed five analysts and found that the average estimate was $1.10 loss per share.

The Y reported revenue of $1.08 Billion in the period, exceeding Street expectations. Six Zacks analysts expected $1.06billion.

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