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IAC/Interactive: 3Q Earnings Snapshot

IAC/Interactive: 3Q Earnings Snapshot

Associated Press

NEW YORK (AP) _ IAC/InterActiveCorp (IAC) on Wednesday reported third-quarter earnings of $145.8 million.

The New York-based company said it had profit of $1.49 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The media and internet company posted revenue of $1.1 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.07 billion.

IAC/Interactive shares have climbed 51 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $185.21, a climb of 44 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IAC at https://www.zacks.com/ap/IAC