IAC/Interactive Shares Slip on Miss

Shares of IAC/Interactive Corp.( IACI Quote)were slipping Wednesday, a day after the Internet media company missed analysts' estimates.

The company posted a net profit of $227.4 million, or $1.57 a share, compared with a loss of $369.9 million, or $2.53 a share, in the same period a year earlier.

Excluding a $1.64-per-share benefit from the sale of its investment in Jupiter Shop Channel and charges from asset writedowns, the company, which owns Ask.com and Match.com, would have earned 18 cents a share. That's 2 cents below what analysts polled by Thomson Reuters had predicted. ...