Groupon Reports Lackluster Earnings
Groupon brought in $568.6 million in revenue in the third quarter 2012, the company said. Although revenue was up 32 percent from the same quarter of last year, it failed to meet analyst expectations, sending the stock tumbling 15 percent in after-hours trading.
Groupon brought in $568.6 million in revenue in the third quarter 2012, the company said today.
Although revenue was up 32 percent from the same quarter of last year, it failed to meet analyst expectations, sending the stock tumbling 15 percent in after-hours trading.
The company returned adjusted earnings per share of $0.00, an improvement over last year, when it lost $0.18 per share.
Investors have been uneasy as Groupon’s lower-margin goods business has grown and its higher-margin deals business has shrunk.
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