IAC Q1 EPS $(2.64) Misses $(0.93) Estimate, Sales $570.50M Miss $808.52M Estimate

IAC (NASDAQ:IAC) reported quarterly losses of $(2.64) per share which missed the analyst consensus estimate of $(0.93) by 183.87 percent. This is a 617.65 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $570.50 million which missed the analyst consensus estimate of $808.52 million by 29.44 percent. This is a 91.38M percent increase over sales of $624.30 the same period last year.