Consumer Stocks Ending Higher; Angie's List Tumbles After Q1 Revenue Guidance Disappoints


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Consumer stocks were mostly higher Thursday afternoon with shares of consumer staples companies in the S&P 500 gaining 0.5%. Shares of consumer discretionary firms in the S&P 500 were ahead 0.4%.

In company news, shares of Angie's List Inc. ( ANGI ) fell by as much as 21% today after the service review site forecast Q1 revenue missing analyst projections.

ANGI late Wednesday reported Q4 net income of $2.8 million, or $0.05 per share, including one-time items. Analysts, who usually exclude special items from their estimates, had been expecting a $0.14 per share profit.

The company said its earnings included $4 million accrual for pending settlement of litigation; it did not make its adjusted figure clear in the release.

Q4 revenue rose 49% year over year to $68.8 million, edging analyst estimates by around $300,000.

Looking forward, ANGI is expecting Q1 revenue of $71.5 million to $72.5 million, trailing the Street view by at least $1.7 million.

Shares of ANGI recently traded 13% lower at $14.87 apiece, within a 52-week range of $11.88 to $28.32 a share.

In other sector news,

(+) TWC, Shares rise to all-time high after the cable-television and Internet services provider agreed to be bought by Comcast Corp. ( CMCSA ) in a stock-for-stock swap valued at around $45.2 bln.

(-) WFM, Q1 EPS of $0.42 missed by $0.02 per share. Revenue rises 9.9% year over year to $4.24 bln, trailing consensus by $60 mln. Lowers FY14 earnings guidance by $0.07 to new range of $1.65 to $1.69 per share. Street is at $1.68 per share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
More Headlines for: ANGI , CMCSA

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