IAC/Interactive Corp (IAC) Tops Q2 EPS by 24c; to Explore Distributing Interest in Match and ANGI

IAC/Interactive Corp (NASDAQ: IAC) reported Q2 EPS of $1.19, $0.24 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.18 billion.

IAC disclosed its intention to explore the possibility of a distribution of its equity interest in Match Group (NASDAQ: MTCH) and ANGI Homeservices (NASDAQ: ANGI) to its shareholders. No decisions have been made as to the details of, or whether to pursue or consummate, either such transaction.

For earnings history and earnings-related data on IAC/Interactive Corp (IAC) click here.

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