AOL's Q1 tops, patents to pay

Investor's Business Daily – Thu 10 May, 2012 4:22 AM IST

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MSFT34.15

Shares rose 3.5% as the online service beat views with EPS of 22 cents vs. 4 a year ago. Ad sales rose 5%, U.S. display ads fell 1% and AOL (AOL - News) cut costs. It plans to give shareholders 100% of proceeds from a $1 bil patent sale to Microsoft (MSFT - News), which will resell most to Facebook (FB - News).

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