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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ANGI , CMCSA

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