Investing.com - IAC/InterActiveCorp reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IAC/InterActiveCorp announced earnings per share of $-1.13 on revenue of $726.4M. Analysts polled by Investing.com anticipated EPS of $-0.08 on revenue of $1.21B.
IAC/InterActiveCorp shares are down 47% from the beginning of the year and are trading at $127.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 22.24% from the start of the year.
IAC/InterActiveCorp shares lost 3.25% in after-hours trade the report.
IAC/InterActiveCorp follows other major Technology sector earnings this month
IAC/InterActiveCorp's report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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