AOL (AOL) Posts Q2 EPS of $0.34 as Revenues Rise 12%

AOL (NYSE: AOL) reported Q2 EPS of $0.34, which may not compare to the analyst estimate of $0.44. Revenue for the quarter rose 12% to $606.8 million versus the consensus estimate of $595.51 million.

• AOL Delivers 6th Consecutive Quarter of Revenue and Adjusted OIBDA Growth
• AOL Grows Multi-Platform Users 18% Year-over-Year
• Growth in Ad Pricing, Video and Programmatic Drives 20% Growth in AOL’s Global Advertising Revenue

“AOL's future as a scaled media technology company continues to get stronger,” said Tim Armstrong, AOL Chairman and CEO. “AOL grew consumer usage, video, programmatic advertising, branded content, and ad pricing throughout the first half of 2014, and we will continue to make AOL one of the best operating companies in our industry.”

AOL repurchased 1.6 million shares of common stock at an average price of $36.84 in Q2, or approximately $59 million in aggregate. On July 28, AOL’s Board of Directors authorized a $150 million share repurchase. Repurchases may be made under the authorization until July 28, 2015.

For earnings history and earnings-related data on AOL (AOL) click here.

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