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Angie's List, Inc. stock price
Angie's List, Inc. latest news:
Shares of ANGI Homeservices sink on dismal third-quarter results
Shares of ANGI Homeservices Inc. fell in Wednesday's extended session after the home services website's quarterly results missed Wall Street's expectations by a large margin. This is the company's first financial report following the merger of HomeAdvisor and Angie's List on Sept. 29. ANGI said it swung to a third-quarter loss of $71.8 million, or 17 cents a share, from a profit of $5.1 million, or a penny a share, a year earlier. On an adjusted basis, it would have lost 2 cents a share. Revenue grew 36% to $181.7 million. Analysts surveyed by FactSet had forecast a profit of 16 cents a share on revenue of $201 million. ANGI shares slumped 3.8% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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