America Online Latin America
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,
, a unit of
AOL Time Warner
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