AOL Q3 Profit Plummets - Quick Facts

(RTTNews) - Web service company AOL Inc. (AOL) reported a significant plunge in third-quarter 2013 net income attributable to the company to $2.0 million, or $0.02 a share, from $20.8 million, or $0.22 a share, in the prior-year quarter. On average, 15 analysts polled by Thomson Reuters expected earnings per share of $0.35 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, the firm clocked $561.3 million in total revenues, up 6%, versus the prior-year figure of $531.7 million, driven by global advertising revenue growth of 14%, and therefore came in above consensus estimate of $548.81 million.

Subscription revenue fell 7% year-over-year and domestic AOL-brand access subscriber monthly average churn was 1.4% in the period.