Recap: IAC Q1 Earnings

IAC IAC reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

IAC beat estimated earnings by 657.32%, reporting an EPS of $4.57 versus an estimate of $-0.82.

Revenue was down $240.70 million from the same period last year.

Last quarter the company beat on EPS by $0.23 which was followed by a 5.06% increase in the share price the next day.

Here's a look at IAC's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.28	-0.51	-0.72	-0.75
EPS Actual	-0.05	-0.74	-9.02	-2.72
Revenue Estimate	1.26B	1.33B	1.38B	1.31B
Revenue Actual	1.25B	1.30B	1.36B	1.32B

To track all earnings releases for IAC visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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