America Online Inc, the world's leading Internet services company, said yesterday its fiscal fourth-quarter earnings rose, beating analysts' expectations by two cents per share, amid strong advertising, e-commerce and subscriber growth.

The company said its earnings more than doubled to $334 million or 13 cents a share, excluding one-time items, in the quarter ended June 30th, from $155 million or six cents per share a year earlier. The consensus of analysts' estimates was 11 cents per share, according to First Call/Thomson Financial.