Investing.com - IAC/InterActiveCorp reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IAC/InterActiveCorp announced earnings per share of $5.59 on revenue of $848.8M. Analysts polled by Investing.com anticipated EPS of $-0.3752 on revenue of $802.47M.
IAC/InterActiveCorp shares are up 25% from the beginning of the year and are trading at $254.90 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.6% from the start of the year.
IAC/InterActiveCorp shares gained 7.08% 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 Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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