UPDATE: AOL Posts Rise In Q4 Profit
AOL (NYSE: AOL) reported a rise in its fourth-quarter profit.
AOL's quarterly net income surged to $35.7 million, or $0.41 per share, versus $22.8 million, or $0.23 per share, in the year-ago period.
Its advertising revenue jumped 13% to $410.6 million in the quarter, while total revenue gained 4% to $599.5 million.
AOL shares closed at $31.41 yesterday.
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