Angie's List tops 4Q profit forecasts

INDIANAPOLIS (AP) _ Angie's List Inc. (ANGI) on Wednesday reported fourth-quarter net income of $8.9 million.

On a per-share basis, the Indianapolis-based company said it had net income of 15 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The consumer reviews service posted revenue of $76.7 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $78 million.

For the year, the company reported a loss of $7.9 million, or 13 cents per share, swinging to a loss in the period. Revenue was reported as $323.3 million.

Angie's List shares have dropped 23 percent since the beginning of the year. The stock has declined 34 percent in the last 12 months.

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

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Keywords: Angie's List, Earnings Report