>AOL Struggles to Stay Positive After Second Quarter Loss
By Adam Clark Estes | The Atlantic Wire – 20 hrs ago
The timing of AOL’s second quarter earnings report was not so good. On Tuesday, the Dow Jones U.S. Tech Index sunk by 5.8 percent–just slightly higher than the Dow Jones Industrial average drop of 5.6 percent–and AOL’s stock sunk 6.4 percent. The earnings report happened to be the best AOL has seen in a while, but it still isn’t great. The company lost $11.8 million in the second quarter, partly due to increased spending on its hyperlocal network Patch and “other strategic” investments. Revenue on the whole was down 8 percent to $542.2 million, but AOL did finally see the signs of a turnaround in total advertising revenue, which rose 5 percent.
https://news.yahoo.com/aol-struggles-stay-positive-second-quarter-loss-133200674.html