AOL reported its Q3 earnings that saw the company surpass expectations on sales but falling short on operating income (OIBDA).
According to Tech Crunch, the company reported revenues of 626.8 million dollars, EPS of 0.52 dollars and adjusted operating income of 121.8 million dollars. Analysts were expecting sales of 623 million dollars, EPS of 0.52 dollars and OIBDA of 125 million dollars.
Display sales on AOL properties saw a decline as it slumped to 141.5 million dollars from 141.9 million dollars as compared to a year ago. (AOL rounds that to 0 percent change).
According to AOL, the 10 million dollar shortage in sales revenue as a result of "disposed or shuttered brands," contributed to the flat number.
The company said that barring the absence of that recurring revenue, the remaining business actually grew 7 percent, the report added.
