AOL Latin America Reports Smaller-Than-Expected LossAOL 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.