Ralph
18.10.2000, 22:34
[b9AOL Beats Earnings Estimates[/b]
By TSC Staff
10/18/00 4:25 PM ET
America Online (AOL:NYSE - news) Wednesday reported fiscal first-quarter earnings that beat Wall Street expectations, as revenue growth continued apace.
Recovery
AOL bounces after early selloff
The nation's largest online service reported earnings per share, excluding one-time items, of $350 million, or 14 cents per diluted share, compared to $182 million, or 7 cents per share, a year earlier. The consensus of analysts surveyed by First Call called for EPS of 13 cents. Revenue was $1.975 billion, matching expectations.
In this environment of heightened worries about the prospects for online advertising and commerce, AOL also narrowly beat expectations for its high-margin, fast-growing "advertising, e-commerce and other" segment. Revenue for these operations amounted to $649 million, up 80% from a year ago and ahead of expectations of about $640 million.
After an early selloff, AOL shares rallied $3.31, or 7.6%, to close at $46.91.
Nachbörslich liegt AOL unverändert.
Ralph
By TSC Staff
10/18/00 4:25 PM ET
America Online (AOL:NYSE - news) Wednesday reported fiscal first-quarter earnings that beat Wall Street expectations, as revenue growth continued apace.
Recovery
AOL bounces after early selloff
The nation's largest online service reported earnings per share, excluding one-time items, of $350 million, or 14 cents per diluted share, compared to $182 million, or 7 cents per share, a year earlier. The consensus of analysts surveyed by First Call called for EPS of 13 cents. Revenue was $1.975 billion, matching expectations.
In this environment of heightened worries about the prospects for online advertising and commerce, AOL also narrowly beat expectations for its high-margin, fast-growing "advertising, e-commerce and other" segment. Revenue for these operations amounted to $649 million, up 80% from a year ago and ahead of expectations of about $640 million.
After an early selloff, AOL shares rallied $3.31, or 7.6%, to close at $46.91.
Nachbörslich liegt AOL unverändert.
Ralph