NEW YORK (AP) _ IAC Inc. (IAC) on Tuesday reported a third-quarter loss of $63.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 74 cents. Losses, adjusted for investment gains, came to $1.23 per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The Y posted revenue of $1.3 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.33 billion.

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

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