AOL reported its 4th quarter 2009 earnings and actually made money with a meager but genuine profit of $1.4 Million. That’s a 180 degree reversal from the $1.96 billion loss previously reported during the same period of 2008. Just to reinforce the point for dramatic effect, that’s a turn around from a loss of $1,900,000,000 to a profit of $1,400,000. Investors remain very cautious as AOL’s fundamental business is deteriorating and there’s only $140 million dollars of cash remaining in the business, but the latest profit is being taken by institutional investors as a good start. Good job AOL!
To learn more about their Earnings release click here (PDF).