Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Digital media and entertainment company AOL reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform.
AOL, whose shares were up nearly 4 percent in premarket trading, also said it approved a $150 million share buyback program. (Click here for the latest quote.)
AOL Chairman and CEO Tim Armstrong told CNBC right after the earnings release: "It's another quarter for us for consumer growth. We were the fastest growing multiplatform company."
Read More Time Warner revenue rises on HBO gains
"When we think about the future of media and the future of advertising, it's going to be a multiplatform world," he said in a "Squawk Box " interview, adding that people are consuming more content, more often across all devices.
Advertising has become a major revenue stream for AOL, the owner of the Huffington Post news website and the TechCrunch blog, especially as the company moves away from dial-up subscription service.
Advertising revenue increased 20 percent to $451.7 million, in the second quarter ended June 30, helped by the acquisition of video advertising platform Adap.tv and increased "programmatic" advertising.
Advertising revenue from AOL's third party platform, which includes "programmatic" and advertising offerings to marketers and publishers, jumped to $194.3 million.
"Programmatic" advertising helps buy and sell online ad spots through bidding via computers, based on a set of pre-decided rules.
Total revenue rose 12 percent to $606.8 million from $541.3 million.
Analysts on average had expected $595.5 million, according to Thomson Reuters I/B/E/S.
Net income attributable to AOL fell to $28.2 million, or 34 cents per share, for the second quarter ended June 30, from $28.5 million, or 35 cents per share, a year earlier.
Excluding items, it earned 45 cents per share, a cent more than analysts' average expectation.
Results were hit by a $7.4 million increase in amortization of intangible assets and another $7.2 million rise in stock-based compensation, AOL said.
AOL shares closed at $39 on the New York Stock Exchange on Tuesday. They have fallen 11.2 percent since the company announced disappointing first-quarter results in May.
—By Reuters. CNBC contributed to this report
CORRECTION: The story has been updated to show that, excluding items, AOL earned 45 cents a share, a penny above analysts' expectations.