Angie's List posts 4Q results that beat expectations, stock soars

MarketsAssociated Press

Angie's List Inc. on Wednesday reported better-than-expected quarterly results, pushing its battered stock up 59 percent.

The company reported fourth-quarter net income of $15.3 million, or 26 cents per share. A year earlier, the Indianapolis-based company earned $2.8 million, or 5 cents per share.

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The consumer reviews service posted revenue of $82.2 million, up 19 percent from $68.8 million a year ago.

Analysts expected earnings per share of 22 cents on revenue of $81.2 million, according to FactSet.

For 2014, the company reported that its loss narrowed to $12.1 million, or 21 cents per share. Revenue was reported as $315 million.

Looking ahead, Angie's List expects full-year revenue in the range of $357 million to $363 million. That brackets the average Street estimate of $360.9 million.

Shares in Angie's List rose $2.88 to close at $7.77, still well below their 52-week peak of $15.17.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANGI at http://www.zacks.com/ap/ANGI

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Keywords: Angie's List, Earnings Report