IAC Q1 Earnings Down, But Beats View - Quick Facts

(RTTNews) - IAC/InterActiveCorp. (IACI) Wednesday posted first-quarter net earnings attributable to IAC shareholders of $35.9 million or $0.41 per share versus $53.6 million or $ 0.61 per share in the same period last year. On an adjusted basis, net earnings amounted to $0.59 per share. On average, 17 analysts polled by Thomson Reuters expected earnings per share of $0.55 for the quarter. Analysts'estimates typically exclude one-time items. Revenues remained flat year-over-year at $740.2 million. Analysts projected revenues of $737.81 million for the quarter.