Iac/Interactivecorp.'s (IACI) fourth-quarter net loss attributable to the company was $1.01 billion or $7.94 per share versus a profit of $227.42 million or $1.57 per share last year.
Adjusted net income for the recent quarter plummeted to $26.56 million or $0.20 per share from $249.62 million or $1.69 per share a year ago. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.18 for the quarter. Analysts' estimate typically excludes one-time items.
Revenue for the fourth quarter of 2009 increased to $367.2 million from $351.0 million in the comparable period. Sixteen analysts estimated revenues of $339.59 million for the quarter.
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