Scalper1 News
Media company IAC/InterActiveCorp (IACI) trampled Wall Street’s Q4 profit forecast but reported lighter-than-expected sales, sending its stock lower on Wednesday. Per-share earnings excluding items jumped 48% to $1.04, beating the consensus view of 91 cents, according to analysts polled by Thomson Reuters. IAC reported EPS ex items of 70 cents in the year-earlier period. But New York-based IAC early Wednesday said sales slipped 5.3% to $724.5 Scalper1 News
Scalper1 News