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AOL Time Warner raises profits
AOL Time Warner, the world's largest internet and media company, has beaten forecasts to report strong earnings.
Profits at the firm reached the equivalent of 32 cents a share in the second quarter, compared with 28 cents forecast by Wall Street analysts.
In the same period last year, before AOL and Time Warner merged, earnings were an estimated 23 cents a share.
More soon.
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Profits plunge in 2001
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