IAC's $48.30 per share non-binding offer for MGM Resorts International triggered a 16% stock surge, with shares trading above the bid price at $50.69. This negative arbitrage spread signals market skepticism about the lowball offer and expectations for a higher bid. The move reflects broader consolidation in gaming, following Tilman Fertitta's $1...

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

IAC (IAC) delivered earnings and revenue surprises of 18.42% and 0.85%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

IAC's first-quarter 2024 results are expected to bear the brunt of the planned reduction in the circulation of certain publications within the print business.

Beyond analysts' top -and-bottom-line estimates for IAC (IAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.