Investing.com - IAC/InterActiveCorp (NASDAQ:IAC) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
IAC/InterActiveCorp announced earnings per share of $2.02 on revenue of $829.5M. Analysts polled by Investing.com anticipated EPS of $-0.4373 on revenue of $856.57M.
IAC/InterActiveCorp shares are up 6% from the beginning of the year, still down 25.05% from its 52 week high of $179.12 set on May 25. They are under-performing the Nasdaq which is up 14.68% from the start of the year.
IAC/InterActiveCorp follows other major Communication Services sector earnings this month
IAC/InterActiveCorp's report follows an earnings beat by Alphabet C on July 27, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Facebook had beat expectations on July 28 with second quarter EPS of $3.61 on revenue of $29.08B, compared to forecast for EPS of $3.04 on revenue of $27.85B.
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