AOL Inc reported a better-than-expected 13 percent rise in quarterly revenue, helped by higher ad sales.AOL's shares rose almost 6 percent to $50.25 in premarket trading on Thursday.The company, which is trying to rely less on its declining dial-up subscription service, has turned its focus to reaping more advertising dollars from marketers through electronic ad sales.AOL bought Adap.tv, an electronic trading platform that helps companies advertise on video websites, for $405 million last year.
AOL Inc. (AOL) is a global Web services company with a range of brands and offerings, and a global audience. Shares of AOL traded higher by 2.63% or $1.25/share to $48.82. In the past year, the shares have traded as low as $30.57 and as high as $53.28. On average, 1368030 shares of AOL exchange hands on a given day and today's volume is recorded at 1207730.
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