UPDATE: AOL Posts Upbeat Q3 Revenue
AOL (NYSE: AOL) reported better-than-expected third-quarter revenue.
AOL's quarterly revenue came in at $531.7 million, beating analysts' estimates of $521.6 million. Its advertising revenue climbed 7% to $340 million.
AOL posted a quarterly net income of $20.8 million, or $0.22 per share, versus a year-ago loss of $2.6 million, or $0.02 per share.
AOL shares closed at $35.81 yesterday.
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