AOL Time Warner Telecom Posts Wider Loss
Reuters | at | by Mike
It seems that AOL's stock is scraping bottom. Poor AOL, my sincere condolences :)
AOL Time Warner Inc. said its net loss totaled $32.5 million, or 28 cents a share, compared with a loss of $3.4 million, or 3 cents a share, a year before. Excluding one-time items, Time Warner Telecom said its loss was 24 cents a share in the fourth quarter of 2001. Wall Street analysts expected the company to post a loss in the range of 22 cents to 48 cents a share, with a mean forecast of a loss of 30 cents a share, according to research firm Thomson Financial/First Call.