NEW YORK — AOL Inc. (AOL) on Wednesday reported fourth-quarter net income of $59.6 million.
The New York-based company said it had profit of 73 cents per share. Earnings, adjusted for one-time gains and costs, were 92 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The Internet company posted revenue of $710.3 million in the period, which did not meet Street forecasts. Analysts expected $727.3 million, according to Zacks.
For the year, the company reported profit of $125.6 million, or $1.51 per share. Revenue was reported as $2.53 billion.
AOL shares have decreased nearly 3 percent since the beginning of the year. The stock has fallen 5 percent in the last 12 months.
Keywords: AOL, Earnings Report
All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.