Shares of IAC Inc. are on the rise after the internet and media holding company posted sales of $1.08 billion, down 18% from a year ago but eclipsing analyst...
Shares of IAC Inc. IAC are on the rise after the internet and media holding company posted sales of $1.08 billion, down 18% from a year ago but eclipsing analyst estimates of $1.06 billion. IAC posted fiscal first-quarter net earnings of $417.8 million, or $4.57 a share, vs. a $235.8 million loss in the year-ago quarter. This year’s profit includes an unrealized gain of $704.8 million from IAC’s stake in MGM Resorts International. IAC’s majority owned Angi Inc.
IAC are on the rise after the internet and media holding company posted sales of $1.08 billion, down 18% from a year ago but eclipsing analyst estimates of $1.06 billion. IAC posted fiscal first-quarter net earnings of $417.8 million, or $4.57 a share, vs. a $235.8 million loss in the year-ago quarter. This year’s profit includes an unrealized gain of $704.8 million from IAC’s stake in MGM Resorts International. IAC’s majority owned Angi Inc.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fiber-optic maker Harmonic stock rallies more than 10% after Q1 beatShares of Harmonic Inc. jumped more than 10% in the extended session Monday after the maker of fiber-optic and other telecommunications systems reported...
Read more »
Marc Whyte claims Clayton Perry's open seat in District 10Despite starting with little name ID, the former GOP state House candidate avoided a runoff in a district Beto O'Rourke won in November.
Read more »
Gerrit Cole wastes 6-run lead, Rays beat Yankees 8-7 in 10 inningsGerrit Cole allowed his first two home runs of the season and failed to hold a six-run lead in the Yankees' 10-inning loss to the Rays on Sunday.
Read more »
10 MCU Characters More Powerful Than ThorIn spite of Thor's reputation as a powerhouse and the God of Thunder, the MCU actually boasts several characters even stronger than him.
Read more »
At least 7 dead, 10 injured after driver hits crowd at Texas bus stopPolice say they're looking into whether the crash was an accident or intentional and whether the driver was intoxicated.
Read more »
7 dead, 10 injured after car runs into pedestrians in Brownsville, TX; alleged driver arrestedSeven people are dead in Brownsville, Texas, after a car ran into pedestrians Sunday morning. Migrants are among the dead and injured, officials said.
Read more »