Investing.com - IAC/InterActiveCorp (NASDAQ:IAC) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IAC/InterActiveCorp announced earnings per share of $0.2 on revenue of $1.16B. Analysts polled by Investing.com anticipated EPS of $-0.4207 on revenue of $927.06M.
IAC/InterActiveCorp shares are up 3% from the beginning of the year, still down 24.75% from its 52 week high of $179.12 set on May 25, 2021. They are outperforming the Nasdaq which is down 9.62% from the start of the year.
IAC/InterActiveCorp shares lost 0.14% 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 beat by Alphabet A on February 1, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.68 on revenue of $72.27B.
Alphabet C had beat expectations on February 1 with fourth quarter EPS of $30.69 on revenue of $75.33B, compared to forecast for EPS of $27.8 on revenue of $72.27B.
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