NEW YORK — AOL Inc. (AOL) on Thursday reported net income of $28.5 million in its third quarter.
The New York-based company said it had profit of 35 cents per share. Earnings, adjusted for one-time gains and costs, were 52 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The Internet company posted revenue of $626.8 million in the period, also beating Street forecasts. Analysts expected $618.2 million, according to Zacks.
AOL shares have fallen almost 6 percent since the beginning of the year. The stock has risen slightly more than 4 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. AOL stock research report from Zacks.
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