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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: RocketMan who wrote (3699)1/27/1999 6:46:00 PM
From: Labrador  Read Replies (2) | Respond to of 41369
 
AFTER THE BELL-AOL edges higher
NEW YORK, Jan 27 (Reuters) - America Online Inc. (NYSE:AOL - news) shares edged higher in after-hours trading after the online services provider set a stock split and said earnings for the latest quarter beat Wall Street expectations.

Shares moved up to 166-1/4 in after-hours trading on Wednesday, according to Instinet, up from its close on the New York Stock Exchange at 162.

AOL said after the bell that after-tax profits for its second fiscal quarter ended Dec. 31 rose to $88 million or $0.17 a share before an accounting gain, beating the Wall Street estimate of $0.14 a share, according to First Call.

AOL shares had been bid higher ahead of the news, with the stock climbing 8-3/8 in regular trading on the NYSE. AOL was the fourth most active NYSE stock.

Shares of Yahoo! Inc. (Nasdaq:YHOO - news), one of the most popular destinations on the Internet for news and information, edged slightly higher to 338. That stock had closed lower, down 15-3/8 at 335-7/8 on Nasdaq.




To: RocketMan who wrote (3699)1/27/1999 6:49:00 PM
From: STOCKaHOLIC  Read Replies (4) | Respond to of 41369
 
Also, anyone owning AOL should compare it's PE to YHOO (do it tomorrow, when the change is reflected). Lots of upside for mighty AOL. Even with the huge increase in AOL's stock price, they are reducing the PE. Amazing!