IAC (IAC) Reports Q1 Loss, Lags Revenue Estimates

IAC (IAC) came out with a quarterly loss of $0.93 per share versus the Zacks Consensus Estimate of a loss of$ 1.14. This compares to loss of $2.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.42%. A quarter ago, it was expected that this Y would post a loss of$ 0.20 per share when it actually produced a loss of $0.73, delivering a surprise of -265%.Over the last four quarters, the company has surpassed consensus EPS esti ...