logo
Share SHARE
FONT-SIZE Plus   Neg

Groupon Q4 Loss Widens, Shares Plunge

Groupon Inc. (GRPN) Thursday reported fourth-quarter net loss of $81.1 million or $0.12 per share, wider than loss of $65.4 million or $0.12 per share last year. Following the news, shares plunged 24 percent in after hours trade.

Revenues for the quarter grew 30 percent to $638.3 million from $492.2 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.03 per share on revenues of $638.4 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter of 2013, the company expects revenues of $560 million to $610 million. Analysts currently estimate revenues of $650.29 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Karyopharm Therapeutics Inc. (KPTI) soared over 36% on Tuesday after the company said it will provide an overview of top-line results from its Phase 2b study for oral Selinexor in multiple myeloma, dubbed STORM, on September 6, 2016. Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September... It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world. However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"...
comments powered by Disqus
Follow RTT