IAC Q1 EPS $0.51, Sales $929.70M Miss $932.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
IAC reported its Q1 earnings with an EPS of $0.51 and sales of $929.70M, which fell short of the estimated $932.83M.
May 07, 2024 | 8:13 pm
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NEGATIVE IMPACT
IAC's Q1 earnings report showed an EPS of $0.51 and sales of $929.70M, missing the sales estimate of $932.83M.
Missing sales estimates, even by a small margin, can lead to negative investor sentiment in the short term. This could result in a slight decrease in stock price as the market reacts to the news of not meeting expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100