Wednesday, May 8, 2013

AOL returns to display advertising growth

AOL returns to display advertising growth

Wed May 8, 2013 7:22am EDT

(Reuters) - AOL Inc reported a rise in first-quarter revenue on Wednesday as the online media group posted a return to growth in display advertising.

Total revenue increased by 2 percent to $ 538.3 million, beating analysts' expectations of $ 537.1 million, according to Thomson Reuters I/B/E/S.

Net income rose to $ 25.9 million, or 32 cents per share, from $ 21.1 million, or 22 cents per share, in the same period a year ago.

Reuters: Technology News

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