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.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions