AOL Q1 Beats Street On Revenues Of $583M, Misses EPS On $22M Of Charges

AOL today reported earnings of $583.1 million and startlingly low earnings per share of $0.11. That beat analyst estimations on sales but were weighed down on restructuring costs of $12 million; a $10 million “asset impairment charge” and a $10 million shortfall in display ad revenues because of “shuttered or de-emphasized brands,” including Patch, which has been spun out… Read More