Angie's List Share Price Plunges In After Hours Trading After Latest …

Investors appear to be more than a little disappointed after hearing the financial numbers Angie’s List released for the company’s fourth quarter after the markets closed yesterday. Share prices have fallen more than 19% in after hours trading after the company reported fourth quarter earnings short of what had been anticipated. The Indianapolis-based company reported net income of just $2.8 million even as revenues increased 49% over the same period last year.The company’s financial numbers indicate that revenues derived from service providers are dwarfing the revenues it receives from consumers who purchase memberships from the website and rate those same service providers, a turnabout that has caused critics to question the reliability of the ratings the online consumer website gives to service providers. It received …

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Share prices have fallen more than 19% in after hours trading after the company reported fourth quarter earnings short of what had been anticipated. The Indianapolis-based company reported net income of just $2.8 million …

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Angie's List Share Price Plunges In After Hours Trading After Latest …

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