IAC Q2 Loss Widens, Revenue Declines-March 2024-www.financetom.com

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IAC Q2 Loss Widens, Revenue Declines

Aug 6, 2024 2:45 PM

05:25 PM EDT, 08/06/2024 (MT Newswires) -- IAC (IAC) reported Q2 loss late Tuesday of $1.71 per diluted share, widening from a loss of $1.07 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.39.

Revenue for the quarter ended June 30 was $949.5 million, down from $1.11 billion a year earlier. Analysts polled by Capital IQ expected $942.8 million.

Price: 46.25, Change: +0.65, Percent Change: +1.43

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