America Online Latin America

(AOLA)

on Wednesday reported a second-quarter loss that was narrower than Wall Street was expecting.

The company said it lost $101.8 million, or 35 cents a share, in the quarter. In the latest first quarter, the company lost $98.1 million, or 36 cents a share. Four analysts polled by

First Call/Thomson Financial

were calling for the company to lose 42 cents a share for the fiscal second quarter.

Revenue rose to $7.9 million, up from $4.6 million in the latest first quarter. The company didn't have comparable prior-year results because of the timing of the launch of its first service,

America Online Brazil

.

The company also said its principle shareholders,

America Online

, a unit of

AOL Time Warner

(AOL)

, the

Cisneros Group

and

Banco Itau

have agreed to provide $150 million in additional capital. The company's membership recently surpassed 550,000.

Shares of America Online Latin America were up 19 cents, or 3.8%, to $5.19 in recent

Nasdaq

trading.