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AOL Time Warner issues earnings warning

Media giant AOL Time Warner yesterday evening warned that the company will likely miss earnings estimates this quarter. Earnings before interest, tax, depreciation, and amortization are expected to grow 20 percent, down from earlier estimates of 31 percent, with revenue growth of 5 to 7 percent, down from an original forecast of 10.5 percent. Some industry watchers have told MacMinute that Apple may also issue an earnings warning this quarter.

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