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AOL Profit Misses By $0.13, But Revenue Beats Slightly (AOL)May 04, 2011 (SmarTrend(R) News Watch via COMTEX) -- AOL Inc (NYSE:AOL) reported Q1 EPS of $0.04 today, missing the consensus estimate for $0.17 per share. Revenue for the quarter was down 17% year-over-year to $551.4 million, but beat the consensus estimate for $536.4 million. "Today represents an important milestone in the turnaround of AOL as global display revenue grew for the first time since Q4 2007," said Tim Armstrong, Chairman and CEO. "I am proud of the work completed thus far and we remain focused on accelerating our momentum through continued execution of our strategy to become the premier digital content company." AOL has a potential upside of 21.3% based on a current price of $20.4 and an average consensus analyst price target of $24.75. AOL is currently above its 50-day moving average (MA) of $19.87 and should find resistance at its 200-day MA of $22.78. In the last five trading sessions, the 50-day MA has fallen 0.43% while the 200-day MA has remained constant. AOL Inc is a web services company. The Company's business spans online content, products and services that the company offers consumers, publishers and advertisers. AOL focuses on attracting consumers and providing online advertising services on company owned and operated properties as well as third party websites. AOL also operates an Internet subscription access service. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |