AOL Inches up 5.3% to Beat Street - TheStreet

AOL

(AOL)

was down 5.3% in early trading after opening up. After the close the company reported third-quarter earnings of 14 cents per share, beating the Street's estimate of 13 cents and the year-ago 8 cents.

AOL said subscriptions and ad revenue beat analyst estimates, and CEO Steve Case said he was comfortable with the advertising outlook.

Credit Suisse First Boston

reiterated its buy rating and 12-month target of $80.