IAC Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - IAC (IACI) reported second quarter net income to shareholders of $59.3 million or $0.68 per share compared to a loss of $18.0 million or $0.22 per share, last year. Adjusted net income was $74.6 million or $0.85 per share, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.59 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $771.1 million from $756.3 million, a year ago. Analysts expected revenue of $776.03 million for the quarter. Websites revenue decreased 20% due primarily to a decline in revenue at Ask.com and certain legacy businesses, partially offset by strong growth at About.com.