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Ticketmaster Clips IAC Quarter

Stock quotes in this article: IACI  

Updated from 7:57 a.m.

IAC/InterActiveCorp (IACI Quote) missed Wall Street's second-quarter profit target, citing weaker-than-expected results at its Ticketmaster unit.

The New York-based Internet conglomerate made $96 million, or 32 cents a share, for the quarter ended June 30, up from the year-ago $54 million, or 17 cents a share. Revenue rose to $1.51 billion from $1.43 billion a year earlier. ...

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