IAC (NASDAQ:IAC) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $(0.03) by 66.67 percent. This is a 98.41 percent increase over losses of $(3.14) per share from the same period last year. The company reported quarterly sales of $422.893 million which missed the analyst consensus estimate of $497.072 million by 14.92 percent. This is a 12.21 percent decrease over sales of $481.686 million the same period last year.