Angie's List (ANGI) Misses Q3 EPS by 14c, to Explore Strategic Opportunities

November 1, 2016 7:37 AM EDT
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Angie's List (NASDAQ: ANGI) reported Q3 EPS of ($0.28), $0.14 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $79.7 million versus the consensus estimate of $81.97 million.

“We are continuing to see a robust impact from executing our turnaround plan and are extremely focused on opportunities to further accelerate our growth,” said CEO Scott Durchslag. “To that end, we have decided to explore strategic alternatives to achieve the full potential of our new platform. Therefore, we have recently engaged Allen & Company LLC and BofA Merrill Lynch to explore these strategic opportunities. We believe this is the right step for the Company at this time and look forward to pursuing a path to maximizing value creation for our shareholders.”

For earnings history and earnings-related data on Angie's List (ANGI) click here.

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