AOL beats on earnings, revenue; shares jump 3% in pre-market trade

Stock Markets Feb 06, 2014 07:23AM ET

AOL shares rise 3% in pre-market trade after Q3 earnings beat Investing.com - AOL reported better-than-expected fourth quarter earnings and revenue figures ahead of Thursday’s opening bell, sending its shares higher in pre-market trade. AOL said adjusted earnings per share came in at USD0.43 in the three months ended December 31, above expectations for earnings of USD0.41 per share. The company’s fourth quarter revenue totaled USD679 million, beating expectations for revenue of USD655.8 million. Fourth quarter total revenue grew 13% year-over-year, driven by global advertising revenue growth. “2013 was AOLs most successful year in the last decade, and we accomplished our goal of industry level growth at scale for AOL,” said Tim Armstrong, AOL Chairman and CEO. Immediately after the earnings announcement, AOL shares jumped 2.5% in trading prior to the opening bell. Meanwhile, U.S. stock futures pointed to a higher open. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a rise of 0.2% at the open.

AOL beats on earnings, revenue; shares jump 3% in pre-market trade

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