IAC/InterActiveCorp reported net income of $618.1 million for the second quarter, 784% over $69.9 million last year, on the strength of its sale of Vivendi Universal Entertainment and revenue gains in its home shopping and mortgage units.
The online marketing conglomerate reported revenue of $1.4 billion for the quarter ended June 30, up 44% from $976.6 million last year.
The New York company reported retailing revenue of $761.6 million for the quarter, up 47% from $517.5 million last year.
“Despite softness at HSN, the two largest sectors
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