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Technology | Internet Information Providers | USA
IAC/Interactive (IAC) Surpasses Q4 Earnings and Revenue Estimates

IAC/Interactive (IAC) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 4.04%. A quarter ago, it was expected that this media and internet company would post earnings of $1.04 per share when it actually produced earnings of $1.49, delivering a surprise of 43.27%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

IAC/Interactive, which belongs to the Zacks Internet - Commerce industry, posted revenues of $1.10 billion for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 2.95%. This compares to year-ago revenues of $950.59 million. The company has topped consensus revenue estimates four times over the last four quarters.

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https://finance.yahoo.com/news/iac-inter...ccounter=1

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