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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

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