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. Last Updated: 07/27/2016

Strong Results for AOL




DULLES, Virginia -- America's largest Internet service provider, America Online Inc., reported Wednesday that its quarterly profits nearly tripled, edging Wall Street expectations on stronger revenues from Internet subscribers and advertising.


The company's profit, excluding onetime 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.