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AOL Q3 2012: Revenue Flat At $531.7M, Traffic Up, Ad Revenue Up, Shares Pop 22%

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http://techcrunch.com – AOL (owner of TechCrunch) reported earlier today its quarterly earnings for Q3 2012 ending September 30. The results beat expectations with a flat revenue of $531.7 million compared to Q3 2011. It’s the first time in over seven years that revenue didn’t decline. Net income was $20.8 million compared to a net loss of $2.6 million in the same quarter last year. Diluted earnings per share were $0.22. As the company beat expectations, shares (NYSE:AOL) have popped and closed at $43.70, 22.03 percent higher than yesterday. Consensus analyst estimate from S&P Capital IQ expected $522 (IT news)