America Online Oct. 18 reported quarterly earnings that slightly beat Wall Street's expectations. The online company, in the process of merging with Time Warner, posted net income of 14 cents per share. That beat Wall Street expectations of 13 cents a share, according to First Call/Thomson Financial. AOL posted revenue of $2 billion for the quarter, compared with $1.5 billion during the same period last year. AOL stock inched slightly upward, closing at $46.91, up 7.6% or a gain of $3.31.
Copyright October 2000, Crain Communications Inc.