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Time Warner Inc. Message Board

  • markqg markqg Jul 22, 1999 1:09 AM Flag

    have a few more beers and....

    it will look to you like aol will hit 155 by friday

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    • America Online Inc. (NYSE:AOL - news) reported a
      nearly three-fold increase in
      quarterly profits on
      stronger revenues from subscribers and
      advertising.

      The company reported Wednesday that its profit,
      excluding one-time charges, came to $156 million, or
      13
      cents a share in AOL's fiscal fourth quarter, which
      ended June 30. That was up from AOL's profit of
      $58
      million, or 5 cents per share, in the same period a year
      ago.

      Analysts surveyed by First Call Corp. had predicted
      per-share earnings of 11 cents for the
      quarter.

      Revenues for the quarter reached $1.38 billion, up 46
      percent from revenues of $943 million in the same quarter
      in 1998.

      New subscriptions accounted for much
      of the revenue growth, with AOL's total membership
      growing to 17.6 million in the quarter.

      Steve
      Case, AOL's chairman and chief executive officer, said
      renewals by subscribers during the year ``was at an
      all-time high, showing the overall strength of the
      franchise.''

      Revenue from advertising and Internet transactions nearly
      doubled to $306 million from $164 million.

      For the
      full fiscal year, AOL earned $396 million, or 34 cents
      a share, excluding one-time charges. That was up
      from a profit of
      $59 million, or 6 cents a share,
      in fiscal 1998. Revenues rose to $4.8 billion from
      $3.1 billion.

 
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