The Canadian Press - ONLINE EDITION

AOL 2Q profit falls 1.1 per cent, tops estimate

  • Print

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.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Sneak peek: The galleries of CMHR

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press.  Local/Weather Standup- Catching rays. Prairie Dog stretches out at Fort Whyte Centre. Fort Whyte has a Prairie Dog enclosure with aprox. 20 dogs young and old. 060607.
  • A red squirrel peaks out of the shade in a tree in East Fort Garry, Sunday, September 9, 2012. (TREVOR HAGAN/WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you think the Scottish independence referendum will have an effect in Canada?

View Results

View Related Story

Ads by Google