Needham & Company Maintains a 'Buy' on AOL (AOL); 3Q11 Earnings Preview

Needham & Company maintains a 'Buy' on AOL, Inc. (NYSE: AOL) price target of $20.00.

Needham analyst says, "AOL is expected to release 3Q11 earnings in early November. We maintain our 3Q11 and 4Q11 revenue and EPS estimates. Specifically, we maintain our 3Q11 revenue estimate of $525mm (down 7% y/y), and Reported EPS Loss estimate of $0.05 (down from $1.60 in 3Q10). We maintain 4Q11 revenue and EPS estimates. We maintain our revenue estimate for FY12 at $2.08B but lower our Adjusted EPS estimate (from $0.45 to $0.28) owing to less aggressive cost-cutting assumptions."

For more ratings news on AOL, Inc. click here and for the rating history of AOL, Inc. click here.

Shares of AOL, Inc. closed at $12.27 yesterday.

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