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harr449

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harr449

Re: None

Wednesday, 02/03/2010 8:11:23 AM

Wednesday, February 03, 2010 8:11:23 AM

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AOL swings to a fourth-quarter profit

NEW YORK (MarketWatch) -- AOL Inc. said Wednesday its fourth-quarter profit was $1.4 million, or a penny a share, compared to a loss of about $2 billion, or $18.52 a share, in the year-ago period. Earnings in the recent quarter were affected by a $107 million in restructuring costs. Revenue fell 17% to $809.7 million from $974.2 million. Analysts polled by FactSet were looking for sales of $709 million, on average. Shares of AOL closed Tuesday at $24.65.




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