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Published on .

America Online's stock eased back late last week after rising above $60 for the first time since the market's spring setback. AOL reported earnings slightly above expectations; net income was $338 million for the fourth quarter that ended June 30, up 115% from a year ago, on revenue of $1.9 billion, up 39%. Advertising and e-commerce revenue, increasingly important to AOL's bottom line, accounted for 31.6% of revenue during the quarter. Most remaining revenue came from subscriptions.
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