Revenue grew to $11.18 billion from $10.24 billion, led by growth in cable television. Time Warner also raised its full-year profit outlook, saying it now expected to earn $1.05 per share, including 10 cents per share of gains from asset sales such as the sale of AOL's Internet access business in Germany and some sales of cable systems. In January Time Warner said it expected to earn $1.00 per share in 2007. The company's shares rose 52 cents, or 2.5 percent, to $21.11 in morning trading on the New York Stock Exchange. AOL continued its transition from a subscription business to one focused on advertising, and reported a 27 percent gain in profit despite lower revenues as network expenses for marketing costs fell. AOL is now giving away many of its services such as e-mail for free in hopes of attracting more online traffic and ad dollars. Revenues at AOL fell 25 percent on a 43 percent decreased in subscription revenues, offset partly be 40 percent growth in advertising.