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Groupon Inc. (GRPN) Sank To A 4-Month Low After Q4 Revision

Groupon Inc. (GRPN) announced revised fourth quarter financial results after the close Friday. The revisions resulted in a reduction to fourth quarter 2011 revenue of $14.3 million and earnings per share by $0.04.

Groupon gapped open sharply lower Monday and declined further during the final 2 hours of trade. The stock closed down by 3.10 at $15.28 on above average volume. Groupon fell below a 3-week range and set a 4-month low.

by RTT Staff Writer

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