IAC (NASDAQ:IAC) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
IAC beat estimated earnings by 657.32%, reporting an EPS of $4.57 versus an estimate of $-0.82.
Revenue was down $240.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.23 which was followed by a 5.06% increase in the share price the next day.
Here’s a look at IAC’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.28 | -0.51 | -0.72 | -0.75 |
| EPS Actual | -0.05 | -0.74 | -9.02 | -2.72 |
| Revenue Estimate | 1.26B | 1.33B | 1.38B | 1.31B |
| Revenue Actual | 1.25B | 1.30B | 1.36B | 1.32B |
To track all earnings releases for IAC visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
