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.
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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.
This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on AOL at http://www.zacks.com/ap/AOL
Keywords: AOL, Earnings Report