Investing.com - IAC/InterActiveCorp reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IAC/InterActiveCorp announced earnings per share of $-10.02 on revenue of $1.36B. Analysts polled by Investing.com anticipated EPS of $-0.6484 on revenue of $1.38B.
IAC/InterActiveCorp shares are down 40% from the beginning of the year and are trading at $78.04 , down-from-52-week-high.They are under-performing the Nasdaq which is down 20.14% from the start of the year.
IAC/InterActiveCorp follows other major Communication Services sector earnings this month
IAC/InterActiveCorp's report follows an earnings missed by Alphabet C on Tuesday, July 26, 2022, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on Tuesday, July 26, 2022 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar