America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: prakash who wrote (7604)	2/11/1998 2:13:00 PM
From: The Duke	Read Replies (1) of 13594

here is what i found on ML/AOL NEW YORK (Dow Jones)--Although fiscal second-quarter earnings at America Online Inc. (AOL) beat Wall Street expectations, analysts warned that a network cost benefit the online service provider recorded in the quarter may be hiding the full impact of a drop in gross margins. As reported, America Online posted net income of $20.8 million, or 17 cents a diluted share, compared with a loss of $129.1 million, or $1.37 a diluted share, during the year-ago period. Revenue rose to $592 million from $409.4 million in 1996. Earnings per share for the latest quarter were a penny above consensus expectations. But Lauren Rich Fine, an analyst at Merrill Lynch & Co., noted that results may have been helped by a $17 million network cost accrual benefit. The analyst wasn't immediately available for comment. She did keep her ratings for the on-line service at a short-term accumulate and long-term buy.

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