AOL subscriber count slides

Investor's Business Daily

The multiservice Web destination said sales rose 2% to $538.3 mil, edging Wall Street's $537.1 mil target. AOL's EPS rose 45% vs. the same quarter last year, to 32 cents, in line with what analysts expected. The company said its subscription service, which includes low-cost but antiquated dial-up Internet access, is still the most profitable part of the business. Total subscriber count fell 14.5% to $2.66 mil from $3.12 mil a year ago. Shares fell 8.9% to 37.74.

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