Angie’s List (ANGI) announced Friday that it laid off 97 sales employees, just over 5% of its total workforce, in response to weak results in areas such as its Big Deals unit. The cuts were revealed in a filing with the SEC, in which Angie’s List said it had reduced its sales force as part of its “focus on improving sales force performance and productivity.” While sales positions were eliminated throughout the company, about 25% came from its Big
Angie’s List (ANGI) fell to an all-time low Thursday after the company’s Q2 earnings and sales released late Wednesday missed expectations, sparking at least seven analyst downgrades. Angie’s List stock was down 18% in afternoon trading in the stock market today, near 8. Angie’s List reported a Q2 loss of $18.4 million, or 31 cents per share, vs. a 25-cent loss in the year-earlier quarter. The company said marketing expenses rose 28%, to $36
Online review service Angie’s List (ANGI) was hit by multiple downgrades and price-target cuts Thursday after its Q4 earnings missed estimates. Angie’s stock was down more than 16% in morning trading on the stock market today, near 14.30. Angie’s stock had hit a four-month high of 19.80 on Feb. 4. The company late Wednesday reported revenue of $68.8 billion, up 49% from the year-earlier quarter and slightly ahead of consensus. EBITDA (earnings