Before the opening bell on Thursday, AOL (AOL) released its first quarter financial results. Here’s what the results mean for mutual fund investors.
Inside AOL's Results
The company reported earnings of $7 million, or 9 cents per share, down from $9.3 million, or 11 cents per share, last year. Excluding special items, EPS was 35 cents — above analysts’ view of 32 cents.
Revenue increased to $625.1 million from $583.30 million. Analysts expected to see revenue of $594.57 million
Strength in Third Party Business
Shares of AOL were up nearly 12% on Friday, as its results benefited by strong global ad revenue and strong results from its third party business. AOL reported that its third party business revenue increased 18% to over $106 million during the quarter.
Mutual Funds to Watch
Investors interested in AOL may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in AOL.
|DODGX||Dodge & Cox||9.06%|
|FEAFX||First Eagle Fund of America||2.92%|
|VFINX||Vanguard Small Cap||1.01%|
The Bottom Line
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in AOL may also be interested in Yahoo! (YHOO).