IAC revenue up in 1Q, results beat analyst views

SAN FRANCISCO (AP) - IAC/InterActiveCorp says its second-quarter revenue climbed, helped by growth in its search and Match online dating businesses. Its profit fell, however, as the year-ago quarter included a large gain from the sale of its Match Europe operations last June.

For the April-June quarter, the company run by billionaire Barry Diller earned $13.6 million, or 12 cents per share. That compares with $40.8 million, or 28 cents per share, in the year-ago quarter.

Excluding one-time items, such as $116.8 million gain from the sale of Match Europe, IAC earned 24 cents per share - 4 cents higher than what analysts polled by Thomson Reuters were looking for.

Revenue climbed nearly 19 percent to $402.9 million, more than the $382.6 million analysts expected.