Angie's List is getting positive reviews after narrowing its losses and increasing revenue double-digits over its first quarter. The online reviews site said quarterly sales jumped 40% year over year to $72.7 million, boosted by a 35% increase in total paid memberships to 2.6 million. On its bottom line, Angie's List more than halved its net loss to $3.8 million. Per-share net losses were 6 cents from 14 cents a year earlier. Management also guided for a better-than-expected second quarter.
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