IAC/Interactive Corp (IAC) reported Q1 EPS of ($2.72), $1.97 worse than the analyst estimate of ($0.75). Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.31 billion.
IAC’s Net (loss) earnings and Diluted (loss) earnings per share reflect decreases or increases in MGM’s share price in the quarter as unrealized losses and gains.