IAC Q3 Profit Rises - Quick Facts

(RTTNews) - IAC (IACI) reported that its third-quarter net income increased to $96.9 million or $1.13 per share, from $40.7 million or $0.43 per share, last year. Earnings per share from continuing operations was $1.08, compared to $0.49 prior year. Adjusted net income was $111.4 million or $1.29 per share, for the quarter. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $756.9 million, from $714.5 million, a year ago. Analysts expected revenue of $805.27 million for the quarter.