Investing.com - IAC/InterActiveCorp (NASDAQ:IAC) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IAC/InterActiveCorp announced earnings per share of $0.65 on revenue of $924.1M. Analysts polled by Investing.com anticipated EPS of $-0.4665 on revenue of $836.01M.
IAC/InterActiveCorp shares are up 19% from the beginning of the year, still down 16.12% from its 52 week high of $179.12 set on May 25. They are under-performing the Nasdaq which is up 23.68% from the start of the year.
IAC/InterActiveCorp shares gained 2.42% in after-hours trade following the report.
IAC/InterActiveCorp follows other major Technology sector earnings this month
IAC/InterActiveCorp's report follows an earnings beat by Alphabet C on October 26, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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