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February 6, 2014 05:09 pm GMT
AOL came in ahead of analyst estimates on revenue but not earnings in its fourth quarter of 2013, reporting $679 million in revenue and diluted earnings per share of 43 cents.Analysts had predicted EPS of 46 cents per share and revenue of $656.4 million, according to Bloomberg. AOL said EPS, along with operating income and net income, were negatively affected by "a pre-tax restructuring charge of $13.2 million, largely related to a reduction in personnel, including [hyperlocal news initiative] Patch."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xxTcGfB2Rx0/
AOLs Q4 Revenue Grows To $679M But Earnings Per Share of $0.43 Fall Short Of Estimates
AOL came in ahead of analyst estimates on revenue but not earnings in its fourth quarter of 2013, reporting $679 million in revenue and diluted earnings per share of 43 cents.Analysts had predicted EPS of 46 cents per share and revenue of $656.4 million, according to Bloomberg. AOL said EPS, along with operating income and net income, were negatively affected by "a pre-tax restructuring charge of $13.2 million, largely related to a reduction in personnel, including [hyperlocal news initiative] Patch." Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xxTcGfB2Rx0/
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