7-25-12- AOL Inc (NYSE:AOL) reported a promising second quarter earnings today. The company posted a net income of $970.8 million and an EPS of $10.17, which is in stark contrast to a year ago in which it reported a loss of $11.8 million or 11 cents per share. Quarterly revenue, however, went down 2% to $531.1 million, although it did beat estimates of $519.36 million.
The web business focuses almost entirely on ad sales now, rather than its old internet subscription service. It's advertisement revenue saw a 6% growth, while subscription revenue fell 13%. For more coverage and analysis of the business world follow us on twitter @FNNOnline.