Angie’s List: A Positive Quarter
Angie’s List(NASDAQ:ANGI) reported earnings after-the-bell Wednesday. Angie’s List Inc. provides internet information and content. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client.
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Results: Net income for the company was $18.5 million (32 cents per share).
Quoting Management: “The positive unit economics of our business drove our results in the third quarter and we look forward to continued growth in the fourth quarter,” stated Bob Millard, Angie’s list CFO. “Based on normal seasonal trends, we will scale back on our marketing investment in the fourth quarter.”
Looking Forward: Expectations for the company’s next-quarter results are looking up. The average estimate for the quarter is a loss of 6 cents per share, up from a loss of 7 cents a month ago. The average estimate for the fiscal year has reached a loss of $1.03 per share, down from a loss of $1 ninety days ago.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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