AOL earnings nearly tripled in 4th period
Article Abstract:
America Online Inc. reported earnings for quarter ended June 30 of $156 million, on revenue of $1.38 bil. This compares to year earlier figures, restated to include AOL's Netscape Communications purchase, of $58 mil and $943 bil respectively. For the quarter, net income was $160 mil., compared with $7 mil a year ago. Advertising and ecommerce revenue accounted for $ 1 bil of the annual figure; $306 mil for the quarter. AOL also announced plans with Ameritech to introduce DSL and cable modem-based Internet connection services in the Midwest.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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AOL reports profit tripled, but stock falls
Article Abstract:
America Online Inc. reports earnings of $117 million for the first quarter of 1999, however, stock prices have dropped in relation to what they were last year. Revenue from ad sales and electronic commerce nearly doubled from last year. AOL plans to continue expanding its electronic commerce arm and declines to comment on its plans for the Netscape Communications Inc. acquisition.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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AOL says earnings more than doubled
Article Abstract:
America Online reported that net income for the quarter reached $338 million as part of an overall revenue growth of 39%. This solid report deflected fears that problems in the dot-com sector would hurt AOL's advertising sales. CEO Steve Case noted that these results occurred during a quarter when AOL was preparing for its merger with Time Warner.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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