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IAC Q2 Revenue, EPS Beat: Our Stock’s Still Undervalued, Says CEO

Internet conglomerate IAC Interactive (IAC) this afternoon reported Q2 revenue and profit that comfortably beat analysts' expectations, though its shares traded down slightly in the after-market.

Revenue in the three months ended in June rose to $767 million, yielding EPS of 74 cents, excluding some costs.

Analysts had, on average, been modeling $758 million in revenue and 64 cents EPS.

IAC cited a 12% rise in revenue at Match Group (MTCH), which reported this morning, even though the results were a little under analysts' expectations, with revenue of $309.6 million, and earnings per share of 16 cents versus consensus for $310 million and 19 cents per share.

The company also mentioned a 39% rise in revenue at Home Advisor, which...


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