AOL (NYSE:AOL) swung back to a profit in the second quarter.
Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $10.17 a share versus the 10 cents a share estimate and revenues of $531.1 million versus the $518.7 million estimate.
The company's profit for the quarter was $970.8 million. Revenue fell 2% from $542.2 million in the same period last year.
Company Fundamental Trends Revenue has fallen in at least each of the past four quarters.
History Against Expectations The company has now topped analyst estimates for the last three quarters.
Official Comment: "Today's results represent a significant milestone for AOL as we returned to Adjusted OIBDA growth for the first time in four years," said Tim Armstrong, Chairman and CEO. "The strong results and consumer performance we announced today are clear signs our strategic and operating efforts are translating into significant financial progress."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.