AOL Beats Estimates, Still Posts Loss
AOL posted revenue of $532 million and a loss of $.02 per share ($2.6 million), but that was better than what analysts had expected so Wall Street is happy, and so is chairman and CEO Tim Armstrong.
Even though the $532 million was about 6 percent less than what the company brought in a year ago, ad revenues rose 8 percent and now make up the clear bulk of the company’s business. The once-strong Internet subscription business fell 22 percent to $192 million.
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