CNET Technology News Network International reported February 4 local time February 3, AOL's fourth-quarter earnings, net profit of 1.4 million U.S. dollars, a year earlier loss of 1.96 billion U.S. dollars; revenue fell 17%, to 8.097 100 million U.S. dollars, better than the average analyst estimate of 708.3 million U.S. dollars.
Time Warner in December 2009 to complete the work of AOL spin-off. AOL CEO Tim Armstrong through investment professional websites, improve advertising sales and cut its 6900 employees to about one-third increase profits.
Armstrong said: "Investors are very optimistic about AOL's long-term development, they think 2010 is unlikely to revive AOL, which is a long-term task."
AOL shares rose 58 cents in the New York Stock Exchange at 4:15 pm to close at 25.23 U.S. dollars. This year its shares have risen 8.4%.
AOL to show ads in the fourth quarter domestic revenue grew 1.5% to 151.7 million U.S. dollars; the total decline in display advertising revenue as its international revenue fell 22%.
Armstrong said that because the company plans to redesign the technology platform that will be staged in the international market "great retreat." He said: "We expect to return to the international market, 2011,2012,2013 year."
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