AOL Stock Slumps 25 Percent as Earnings Disappoint

Rex Crum, MarketWatch:

AOL said it lost $11.8 million, or 11 cents a share, on revenue of $542.2 million, compared with a loss of $1.06 billion, or $9.89 a share, on $592 million in sales a year ago. Last year’s second quarter was affected by $1.41 billion worth of write-downs and the sale of its Bebo social-networking site.

Really thought the TechCrunch deal would turn AOL around.

★ Tuesday, 9 August 2011