Angie’s List (NASDAQ:ANGI) Fiscal Fourth Quarter Profit Hikes; Stock Soars – ANGI, FB, IACI, GOOG

Angie’s List Inc (NASDAQ:ANGI) stock moved up 25% in extended trading session on Wednesday after the Indianapolis based company returned to a profit for fiscal Q4, mainly led by a sales expansion of 66%.

Net income of Angie’s List for the three months period was $2.4 million or $0.04 a share, evaluated against a $5.9 million or $0.14 a share in previous year. Total revenues for fiscal Q4 surged 68% to $46.2 million from $27.4 million previous year.

Thomson Reuters analysts survey most recently forecasted a loss of $0.02 a share on $45.58 million of revenues for period.

Angie’s List projects total revenues of $51.0 million to $52.0 million. Analysts presently forecast revenues of $49.4 million for the three months period.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Facebook Inc (NASDAQ:FB) rose +1.96% to settle at $27.91, IAC/InterActiveCorp (NASDAQ:IACI) moved down -0.16% to end at $42.52 while Google Inc (NASDAQ:GOOG) jumped +0.28% to finish at $782.86 on Wednesday.

Angie’s List Inc (NASDAQ:ANGI) last session’s volume of 1.02 million shares was higher than its average volume of 545,586 shares. The stock after opening at $13.94 hit high price of $13.94 and then closed at $13.62 by scoring -2.71%.

ANGI generated revenue of $137.07 million in the previous twelve months and earned -$61.20 million. The Company showed a negative -44.65% in the net profit margin as well as in its operating margin which remained at -43.25%. Company’s annual sales growth for the past five years was 46.78%.

The ANGI’s past twelve months’ price to sales ratio was 5.74 and price to cash ratio remained 12.02. As far as the returns are concerned, ANGI’s return on asset was recorded as -91.08%.

The stock showed weekly upbeat performance of 6.07% which was maintained for the month at 12.47%. Likewise the positive performance for the quarter was recorded as 33.79% and for the year was -15.61% while the YTD performance remained at 13.59%.

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