Angie’s List is killing it: revenue, members, growth — and stock price — all up (VentureBeat)
All the indicators are going in the right direction as modern-day yellow pages Angie’s List Inc (NASDAQ:ANGI), which helps people find trustworthy carpenters, dentists, mechanics, and more, reported its first quarter results today. Revenues were up 68 percent to $52.2 million, paid memberships were up 60 percent year-over-year — hitting two million just two days ago — and its cost-per-acquisition was down 12 percent. Even total revenue per average paid member (consumers pay a subscription fee to belong to Angie’s List) was up. The only negative number — a net loss of $7.9 million — was also up, from $13.5 million in Q1 2012. That loss is due to heavy marketing costs as Angie’s List Inc (NASDAQ:ANGI) continues to pursue quick growth.
Federal-Mogul’s Innovative IROX Bearings Experiencing Significant Market Growth (MarketWatch)
Since launching IROX polymer-coated engine bearings in 2010, Federal-Mogul Corporation (NASDAQ:FDML)’s Powertrain Segment has established an industry-leading position with this innovative bearing technology. In less than three years, IROX bearings have launched with four of the largest global OEMs on three continents. IROX is an innovative polymer-coated engine bearing that enables reduced fuel consumption and CO2 emissions. It withstands high mechanical loads in efficient, heavily boosted engines and also addresses the lubrication challenges associated with frequent re-starts found in stop-start engines. In extreme duty applications, the IROX coating can significantly extend bearing life. IROX has enabled engine manufacturers to meet the needs of start-stop applications in downsized engines, and as a result, Federal-Mogul Corporation (NASDAQ:FDML) is experiencing significant demand for this new product.
ITT Educational Services, Inc. (ESI) Tops Q1 EPS by 8c, New Student Enrollment Falls 3.6% (StreetInsider.com)
ITT Educational Services, Inc. (NYSE:ESI) reported Q1 EPS of $1.33, $0.08 better than the analyst estimate of $1.25. Revenue for the quarter came in at $287.7 million versus the consensus estimate of $276.98 million.
Global Geophysical Reports Adjusted EPS of $0.05 (Virtual-Strategy Magazine)
Global Geophysical Services, Inc. (NYSE:GGS) today reported first quarter adjusted earnings of $0.05 per share (excluding a $13.0 million pre-tax non-cash library impairment charge and $3.0 million in non-recurring pre-tax adjustments for severance related charges and bad debt provisions). Revenues for the first quarter were $83.4 million, up from $55.3 million during the fourth quarter of 2012. During the first quarter, the company had a loss of $0.31 per share.
Angie’s List Wins TechPoint Marketing Technology Excellence Award (PR Web)
Innovative and aggressive use of technology to market Angie’s List Inc (NASDAQ:ANGI) has won the consumer review service the prestigious Mira Award for Marketing Technology Excellence. TechPoint, Indiana’s technology growth initiative, recognized Angie’ s List with the Marketing Technology Excellence and Innovation Award for its use of marketing to boost it from a one-person operation to national consumer review powerhouse. The award was made during the annual Mira Awards on April 20 in Indianapolis.