Investing.com - IAC/InterActiveCorp (NASDAQ:IAC) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
IAC/InterActiveCorp announced earnings per share of $-2.72 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $-0.6038 on revenue of $1.31B.
IAC/InterActiveCorp shares are down 44% from the beginning of the year, still down 59.45% from its 52 week high of $179.12 set on May 25, 2021. They are under-performing the Nasdaq which is down 25.71% from the start of the year.
IAC/InterActiveCorp shares lost 3.63% in after-hours trade following the report.
IAC/InterActiveCorp follows other major Communication Services sector earnings this month
IAC/InterActiveCorp's report follows an earnings missed by Alphabet C on April 26, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.59 on revenue of $68.06B.
Alphabet A had missed expectations on April 26 with first quarter EPS of $24.62 on revenue of $68.01B, compared to forecast for EPS of $25.74 on revenue of $68.06B.
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