Why Angie's List (ANGI) Stock Is Up After Hours Today

NEW YORK (TheStreet) -- Angie's List  (ANGI) rose in after-hours trading on Wednesday after the company reported a narrower loss in its first-quarter earnings.

Angie's List posted a loss of 6 cents a share, in line with analysts' estimates and narrower than a loss of 14 cents a share in the same period one year earlier. Revenue rose 39% year over year to $72.7 million from $52.2 million, while revenue from paid memberships rose 25% to $18.3 million.

"The first quarter represented solid performance for the company," said CEO Bill Oesterle in a statement. "We grew fast, produced cash and improved margins, all while investing in new products and upgrading our technology. I am pleased with the progress we have made against our operating plan for the full year."

The stock was up 7.25% in after-market activity.

SELL NOW: If you own any of the 900 stocks that TheStreet Quant Ratings has identified as a 'Sell'...you could potentially lose EVERYTHING in the next 6-12 months. Learn more.

ANGI Chart

ANGI data by YCharts

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

If you liked this article you might like

Internet Stocks' Momentum Won't Stop Anytime Soon: Goldman Sachs

Internet Stocks' Momentum Won't Stop Anytime Soon: Goldman Sachs

Novartis, Akzo Nobel and Axalta - 5 Things You Must Know Before the Market Opens
IAC Spins Off Angie's List, Following the Footsteps of Expedia and Match Group

IAC Spins Off Angie's List, Following the Footsteps of Expedia and Match Group

Stock Futures Rise on Earnings Beats From AMD and Boeing