Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Angie's List (NASDAQ:ANGI) jumped 29% today after the company reported earnings.
So what: First quarter revenue jumped 68%, to $52.2 million, ahead of the $51.5 million estimate. The company did lose $7.9 million, or $0.14 per share, but that was $0.03 ahead of estimates, so investors were happy with it.
Now what: Both top-line and bottom-line numbers were ahead of estimates, and second quarter guidance was also better than expected. I'm still leery of buying into a business that's losing money and is expecting to all year. Until Angie's List starts posting a profit, I'll stay away, even though revenue is growing very quickly.
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Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.