Groupon Inc. (GRPN) reported a fourth quarter net loss of $0.12 per share after the bell Wednesday, which was flat with the prior year result. The consensus estimate was for a loss of $0.03. Revenues grew 30 percent to $638.3 million from $492.2 million last year. The consensus estimate was for revenues of $638.4 million.
The company expects first quarter revenues of $560 million to $610 million. Analysts currently estimate revenues of $650.29 million. The stock is now down 1.43 on 4.4 million shares.
Groupon climbed during the middle portion of Wednesday's session and closed up by 0.43 at $5.98. The stock closed challenging the upper end of a 2-week range.
by RTT Staff Writer
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