Angie s List falls after first-quarter guidance

MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- Angie s List Inc. reported late Wednesday fourth-quarter revenue that generally met with Wall Street s expectations, but the company s expectations for revenue in the current quarter came up short of analysts forecasts. The online professional-services recommendation company said it earned 5 cents a share, including a $4 million accrual for pending settlement of litigation. Revenue reached $68.8 million, up 49% from the same quarter a year ago. Analysts, whose estimates typically exclude special items, were looking for a profit of 12 cents a share on revenue of $68.5 million for the quarter, according to estimates from FactSet. Looking ahead, the company sees first-quarter revenue of $71.5 million to $72.5 million. Analysts forecast revenue of $74.3 million. Shares of the company fell 13% in after-hours trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.