While the company posted 8% year-over-year growth in total revenues for the quarter to $583.3 million, its net income declined by 64% year over year to $9.3 million due to restructuring and asset impairment charges. Some of these charges are one time in nature and will be overlooked by most investors.
AOL Earnings: Restructuring Lowers Profitability Even As Ad Revenues Soar
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