IAC: Q4 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported fourth-quarter earnings of $327.8 million.
NEW YORK (AP) — NEW YORK (AP) — IAC Inc. (IAC) on Tuesday reported fourth-quarter earnings of $327.8 million.
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The New York-based company said it had net income of $3.70 per share. Losses, adjusted for investment gains, came to 73 cents per share.
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The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The Y posted revenue of $1.06 billion in the period, which matched Street forecasts.
For the year, the company reported profit of $265.9 million, or $2.97 per share. Revenue was reported as $4.37 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