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AOL Jumps After Profit Beat Analysts’ Estimates on Ad Growth

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Q1 Was a Really Great Quarter: AOL CEO Armstrong

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AOL Inc. rose the most in 16 months after the Web services company reported first-quarter profit that beat analysts’ estimates on increased global advertising revenue.

AOL jumped 10 percent to close at $43.42 for the biggest gain since January 2014. Even after the gain, the shares are down 6 percent this year, while the Standard & Poor’s 500 Index has increased 2.8 percent.