AOL Latin America Reports Smaller-Than-Expected Loss

Share this article:
AOL Latin America yesterday reported losses for its second fiscal quarter that were less than analyst predictions.


The online service provider also said it received a $150 million cash infusion from its principal shareholders.


The company posted a loss of $101.8 million, or 35 cents a share, on revenue of $7.9 million. Analysts had estimated a loss of 42 cents a share.


AOL Latin America received $130 million in preferred stock from AOL and Cisneros Group. Banco Itau will invest the remainder in class A common stock.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in News

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Hawk Search Widens its Global Reach

Hawk Search Widens its Global Reach

Hawk Search's solution offers support for more than twice as many languages as other site search providers, according to the company.

Candidates Offer Change In The Form of Targeting

Candidates Offer Change In The Form of Targeting

A campaign for Ben Carson raised $2.8 million despite his lack of cooperation.

Target Names Retail Veteran Brian Cornell as CEO

Target Names Retail Veteran Brian Cornell as CEO

He leaves the top job at PepsiCo Foods to take the spot vacated by Greg Steinhafel in the aftermath of the data breach.