AOL Shares Climb After First Sales Growth in Eight Years
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AOL Inc., the Web publisher that owns the Huffington Post and TechCrunch, climbed the most in three months in New York trading after posting its first sales gain in eight years.
Fourth-quarter sales rose 3.9 percent from a year earlier to $599.5 million. Analysts had estimated that revenue would drop to $566.7 million in the period. The surprise growth came largely from AOL’s third-party ad sales business, which helps other Web publishers sell ad space through automated systems --a process called programmatic buying.