IAC (IAC) Reports Q3 Loss, Tops Revenue Estimates
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IAC reported a Q3 loss of $2.93 per share, significantly higher than the Zacks Consensus Estimate of a $0.20 loss. This is a substantial increase from the $0.30 loss per share reported a year ago. Despite the loss, IAC exceeded revenue expectations.
November 11, 2024 | 11:45 pm
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IAC reported a larger-than-expected Q3 loss of $2.93 per share, missing the Zacks Consensus Estimate of a $0.20 loss. Despite this, the company exceeded revenue expectations.
The significant miss on earnings per share compared to estimates is likely to negatively impact IAC's stock price in the short term. However, the fact that revenue exceeded expectations may mitigate some of the negative sentiment.
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