Internet Stocks Tick Higher as Angie's List (ANGI), Zillow (Z) Results Beat Views (ZNGA) (GRPN)

February 14, 2013 10:53 AM EST
Internet stocks are seeing some upside following strong quarterly results from Angie's List (NYSE: ANGI).

Issued after markets closed on Wednesday, Angie's List reported fourth-quarter 2012 EPS of 4 cents on revs of $46.2 million. The number compares with consensus views calling for a loss of 2 cents per share with revs of $45.6 million.

Guidance was also strong; Angie's List said it sees fir-quarter 2013 revs of $51 million to $52 million, with the Street at revs of $49.4 million.

The company reported a 66 percent increase in paid memberships while marketing costs per paid user fell 24 percent.

Notably, Zillow (Nasdaq: Z) reported quarterly results on Wednesday night as well.

With bigger names like Zillow and Angie's List proving that Internet service providers retain a strong spot with the consumer, traders and investors will be expecting better things from the rest of the group.

Higher today include names like Zillow, Zynga (Nasdaq: ZNGA), and Groupon (Nasdaq: GRPN), among others. Notably, Zillow reported quarterly results on Wednesday night as well.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Trader Talk

Related Entities


Add Your Comment