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Angie’s List Fall on First Quarter Revenue Guidance Cut

 (Image source: pcworld.com)

Shares of the online professional services recommendation site Angie's List Inc (NASDAQ:ANGI) are down double digits in early trading as a result of fourth quarter earnings missing analysts’ estimates. Angie’s List earned 5 cents a share on revenues of $68.8 million in the fourth quarter. However, analysts were expecting earnings of 12 cents a share on revenues of $68.5 million. In addition, the online review site also cut revenue estimates for the first quarter of 2014 that came below consensus estimates. Going forward, the company expects to earn revenue in the range of $71.5 million to $72.5 million for the first quarter. Current projections of first quarter revenue from analysts are $74.3 million.