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

Earnings

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
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.

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).