Thursday, April 20, 2000 | 11:34 a.m.
America Online reported record revenue and earnings in its third fiscal quarter, crediting subscription growth, advertising sales and online commerce fees in handily beating analysts' estimates.
Excluding one-time items, the company earned 11 cents per diluted share, beating the consensus estimate of 9 cents, according to First Call/Thomson Financial, and meeting the so-called whisper number.
For the quarter ended March 31, America Online reported earnings of $438 million, or 17 cents per diluted share, up from $411 million, or 16 cents per share, in the comparable period a year ago. Revenue rose 38 percent to $1.8 billion from $1.3 billion in the third quarter of fiscal 1999, which did not include revenue from Netscape.
archive