Angie's List Soars On Q4 Surprise, Outlook

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Angie's List Inc ANGI gained more than 50 percent after the company beat fourth-quarter expectations and offered an outlook higher than the Wall Street consensus.

Shares of the company changed hands recently at $7.43, up 52 percent.

Angie's is still off about 50 percent during the past year. More than 14 percent of its public float was held as short interest as of January 30.

Earlier Tuesday, the company said fourth-quarter earnings more than quadrupled to $15.3 million, or $0.26 a share, while sales grew 19.4 percent to $82.15 million.

Wall Street had forecast earnings of $0.22 a share, on sales of $8.2 million.

The company forecast 2015 revenue of $357 million to $363 million, versus analysts' average expectation of $360 million.

During the recent fourth quarter, membership revenue grew 2 percent to $18 million, while service provider revenue, which includes advertising as well as fees from e-commerce transaction, grew 26 percent to $64.1 million.

Marketing cost per paid membership acquisition fell 48 percent to $27.

In 20 years, Angie's List has never posted an annual profit.

For the year ended December 31, its net loss was $12.1 million, or $0.21 a share, versus a year-earlier loss of $33 million or $0.57 a share.

Among eight analysts following the company, all maintain Hold ratings, according to FactSet.

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Posted In: EarningsGuidanceIntraday UpdateMovers
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