Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Lifestyles
Classified Sites

The Canadian Press - ONLINE EDITION

AOL 2Q profit falls 1.1 per cent, tops estimate

NEW YORK, N.Y. - AOL Inc. on Wednesday reported its net income declined by 1.1 per cent in its second quarter, but its adjusted earnings beat analysts' expectations.

The New York-based company said profit dropped to $28.2 million, or 34 cents per share, from $28.5 million, or 35 cents per share, in the same quarter a year earlier.

Earnings, adjusted for one-time gains and costs, were 45 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The Internet company said revenue climbed 12 per cent to $606.8 million from $541.3 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $593.6 million, according to Zacks.

AOL shares have dropped $7.62, or 16 per cent, to $39 since the beginning of the year. However, the stock has increased $3.60, or 10 per cent, in the last 12 months.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media