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.

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