AOL came in ahead of analyst estimates on revenue but not earnings in its fourth quarter of 2013, reporting $679 million in revenue and diluted earnings per share of 43 cents.
Analysts had predicted EPS of 46 cents per share and revenue of $656.4 million, according to Bloomberg. AOL said EPS, along with operating income and net income, were negatively affected by "a pre-tax restructuring charge of $13.2 million, largely related to a reduction in personnel, including [hyperlocal news initiative] Patch."
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