Angie's List shares rise on surprise profit

April 22, 2015 12:43 PM

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Shares of Angie's List (ANGI) rose sharply in pre-market trading Wednesday after the consumer reviews service reported a surprise first-quarter profit yet fell short of Wall Street revenue forecasts.

The Indianapolis-based company's stock was up 11.33% at $6.85 before U.S. financial markets opened Wednesday. That contrasted with a 50% fall in the shares over the last 12 months.

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