AOL's third quarter net profit of 20.8 million dollars year-on-year

AOL, the Internet media and services company, posted its third-quarter financial results. According to the report, AOL earned 22 cents a share in the quarter, while losing 2 cents a share over the same period last year.

AOL forecast 17 to 19 cents a share in the third quarter.

As of September 30, 2012, the total revenue of AOL in the third quarter was unchanged from the same period last year, with $531.7 million trillion and operating income rising to $43.1 million, net income reaching 20.8 million dollars.

Advertising revenue amounted to $340 million trillion, up 7% from $317.7 million in the third quarter of 2011.

AOL's total revenue for the second quarter of 2012 was 531 million dollars.

U.S. online advertising revenue rose 7% in the third quarter. AOL also noted that search and text advertising revenue rose 8% from a year earlier. It is also the quarter of the first year-on-year increase in three years.

AOL said the growth was "driven primarily by double-digit growth in search revenues on the site aol.com".

The U.S. online also said the total number of independent visitors to the company's assets in the third quarter of 2012 had reached 111 million per cent, up 4% from a year earlier, but slightly lower than in the second quarter of 2012.

So far this year, the company's share price has doubled, and October 17 's share price has reached 52 weeks of the highest price of 37.94 dollars per share.

In late August, AOL announced plans to issue a special cash dividend of $5.15 per share to shareholders by the end of the year.

Tim Armstrong, AOL chief executive, said the company was bullish on 2013 years of Armstrong growth.

As of September 30, 2012, AOL had about 867 million dollars in cash and cash equivalents.