Iac Inc (IAC) said after close Tuesday that it earned $3.7 per share in quarter four 2023.
On the revenue line, the company reported $1.1 billion, missing estimates by $2 million.
In the same quarter a year ago, the company lost $0.05 per share on revenue of $1.2 billion.
The stock is up 5.16% to $53.82 after the report.
Iac Inc's profit margins took a hit as earnings fell at a faster pace than revenues.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Iac Inc a Bearish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 39. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
IAC/InterActiveCorp is an Internet media company with segments that include Angi, Dotdash, search, emerging and other. The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.
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Iac Inc Up 5.16% To $53.82 After Earnings Beat
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