AOL CEO Tim Armstrong turned in his first earnings report as CEO of the newly independent company this morning. And his numbers don't look anything like the ones he was used to reporting at Google--revenue plummeted across the board.
Then again, Wall Street has minimal expectations for AOL for at least a couple quarters, so Armstrong didn't need to do much to meet them.
After factoring out one-time charges, AOL posted earnings of 71 cents per share on revenues of $801 million. Wall Street expected earnings of either 62 cents or 66 cents per share, depending on who … Read more