Investing.com - IAC/InterActiveCorp (NASDAQ:IAC) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
IAC/InterActiveCorp announced earnings per share of $-2.49 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $0.67 on revenue of $1.2B. That with comparison to EPS of $3.06 on revenue of $1.11B in the same period a year before. IAC/InterActiveCorp had reported EPS of $1.98 on revenue of $1.22B in the previous quarter. Analysts are expecting EPS of $1.39 and revenue of $1.19B in the upcoming quarter.
IAC/InterActiveCorp shares are down 15% from the beginning of the year , still down 11.83% from its 52 week high of $278.85 set on January 17. They are outperforming the STOXX 600 which is down 19.73% year to date.
IAC/InterActiveCorp follows other major Technology sector earnings this month
IAC/InterActiveCorp's report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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