AOL Latin America Reports Smaller-Than-Expected Loss

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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.
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