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IAC/Interactive: 3Q Earnings Snapshot

NEW YORK (AP) _ IAC/InterActiveCorp (IAC) on Wednesday reported third-quarter net income of $128.5 million.

On a per-share basis, the New York-based company said it had net income of $1.35.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The media and internet company posted revenue of $1.25 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.24 billion.

IAC/Interactive shares have increased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $212.59, a rise of roughly 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IAC at https://www.zacks.com/ap/IAC