2/8/2012 4:15 PM ET
(RTTNews) - Groupon Inc. (GRPN: News ) Wednesday reported fourth-quarter net loss to common shares of $42.7 million or $0.08 per share, compared to net loss of $378.6 million or $1.08 per share last year.
Excluding items, adjusted loss for the quarter was $9 million or $0.02 per share, compared to adjusted loss of $185.8 million or $0.53 per share a year ago.
The company reported revenues of $506.5 million, compared to $172 million in the prior year.
Street analysts expected the company to earn $0.03 per share and revenues of $475.15 million for the quarter. Analysts' estimates typically excludes special items.
"Groupon had a strong fourth quarter and we finished 2011 having helped 250,000 local merchants across 47 countries grow their businesses while saving Groupon customers billions of dollars," said Andrew Mason, CEO and Co-Founder of Groupon.
"We will continue to invest in new services and tools that help our merchant partners be more successful and drive local commerce around the world."
Groupon expects first-quarter revenues of $510 million to $550 million. Analysts currently expect revenues of $500.89 million.
In Nasdaq extended session, Groupon shares are down $2.78 or 11.27% at $21.88.
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by RTT Staff Writer
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