AOL climbed 3.9% to $40.21, after reporting strong revenue growth for the third quarter. The online media company reported earnings of 2 cents a share on revenue 6% higher than a year earlier to $561.3 million. While revenue beat estimates by $12.49 million, earnings per share were 91% lower than a year earlier due to restructuring costs.
TheStreet Ratings team rates AOL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate AOL INC (AOL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had subpar growth in net income."
- You can view the full analysis from the report here: AOL Ratings Report