UPDATE: AOL Posts Upbeat Q3 Revenue

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.