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
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT