Investing.com - IAC/InterActiveCorp (NASDAQ:IAC) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IAC/InterActiveCorp announced earnings per share of $-10.02 on revenue of $1.36B. Analysts polled by Investing.com anticipated EPS of $-0.6484 on revenue of $1.38B.
IAC/InterActiveCorp shares are down 40% from the beginning of the year, still down 50.86% from its 52 week high of $158.81 set on October 26, 2021. They are under-performing the Nasdaq which is down 20.14% from the start of the year.
IAC/InterActiveCorp follows other major Communication Services sector earnings this month
IAC/InterActiveCorp's report follows an earnings missed by Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on July 26 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
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