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America Online reports $20 million net income

Published on .

America Online reported second-quarter net income of $20.8 million compared with a net loss of $129.1 million for the same period in 1996. Revenues for the quarter were $592 million, up 45% over revenues of $409 million for the second quarter of 1996.

Separately, AOL announced a two-for-one stock split of the company's common stock.

Copyright February 1998, Crain Communications Inc.

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