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Thursday, February 6, 2014

AOL revenue beats estimates as ad sales jump, (NYSE: AOL)

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, 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.