Kara Swisher

Recent Posts by Kara Swisher

AOL Earnings Tomorrow: Are You There Wall Street? It's Me, Tim Armstrong.

AOL will report its fourth-quarter earnings results tomorrow before the markets open–thanks, CEO Tim Armstrong, from us folks on the West Coast–marking its first Wall Street outing as a newly independent company.

And Wall Street is definitely wary about this close encounter of the first kind.

AOL (AOL), which spun off from parent Time Warner (TWX) in mid-December, has been mightily trying to make itself relevant and innovative, as well as trying to fix its lagging business.

Under former Google (GOOG) exec Armstrong, the focus has been squarely on content, and advertising to sell against that content, which remains a dicey proposition.

And though online ad sales are looking up, most think it is still a long way from the turn AOL needs to begin growing in any significant way.

To help things along, Armstrong has slashed its workforce by 2,300 employees and has been trying to unload a variety of its less important business units.

On a consensus basis, analysts expect AOL to report an adjusted profit of 62 cents on $763.5 million in revenue in the quarter.

That is why AOL stock, which opened trading at $23.67, has remained around that price, reflecting the widespread wait-and-see attitude toward the company by investors.

One query I hope those not-so-good-at-asking-interesting-questions analysts ask on the call: What’s up with renewing its search deal with Google or is Microsoft (MSFT) its new partner?

Until tomorrow, here’s a video of an interview I did with Armstrong right before AOL spun off last year, where I tried to ask good questions:


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