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AOL’s profit slumps
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AOL’s profit slumps
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9th May 2014, 08:13
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,514
 |  AOL’s profit slumps Media company AOL said that it turned in revenues of $583.3 million for its financial first quarter. But profits fell by 64 percent compared to the same period last year, with share prices showing a marked drop yesterday. AOL turned in a profit of $9.3 million, down from $25.9 million in the quarter last year. AOL is trying to re-engineer itself as a compamy specialising in advertising technology but that’s a risky strategy, given the competitive nature of that sector. The company claimed that investments in new technology accounted for the large drop in profits. http://news.techeye.net/business/aols-profit-slumps |
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