Angie’s List Inc (NASDAQ:ANGI) stock saw a huge jump after releasing its .
Angie’s List earnings per share for the first quarter of 2015 was 7 cents, or $4.4 million. This is up from the 6 cents per share reported in Q1 2014. The company also reported revenue of $83.5 million. This didn’t beat analysts’ revenue estimates of $84.7 million for the first quarter of 2015, reports The Wall Street Journal.
Angie’s List also reported that its total paid memberships were at 3.1 million. This is up 18% from last year. However, the company’s gross paid memberships were down 20%. Revenue coming from paid memberships was $17.3 million in Q1 2015, WSJ
notes.
“We had a positive start to the year. We strengthened the foundation of our marketplace by adding inventory and growing gross merchandise value,” Bill Oesterle, CEO of Angie’s List, told . “Further, we improved our efficiency with respect to membership acquisition, enhanced service provider sales efficiency and delivered leverage in key expense line items.”
ANGI shares were up 14% as of Wednesday morning.
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