Tech stocks: AOL jumps off earnings

Shares of AOL are up more than 7% after the company reported third-quarter revenues higher than expected.

Reuters reports a boost in advertising sales helped fuel AOL's surge in revenue to $561.3 million. However, profits have plunged as it struggles with Patch, its network of community websites.

The company says it took more than $40 million in charges primarily related to Patch, and cut its employees by half.

Meanwhile, BlackBerry shares are back up 1.5% after taking a hit off news it would abandon a sale of the company.

The smartphone maker revealed it would replace CEO Thorsten Heins and accept a $1 billion investment from Fairfax Financial Holdings.

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