Groupon Stocks Tumble on News of Weak Quarter
Groupon reported a $0.12 adjusted loss per share today, missing analyst expectations and sending its stock tumbling after hours.
Groupon reported a $0.12 adjusted loss per share today, missing analyst expectations and sending its stock tumbling after hours.
Although the Chicago-based company narrowed its operating loss relative to the last quarter of 2011, but its loss attributable to shareholders increased due to stock-based compensation and acquisition-related expenses of $26.6 million.
In a bright spot, Groupon reported record billings of $1.5 billion in the quarter, up by nearly a quarter over the same period in the previous year.
“Record billings growth this quarter is a clear signal that customers love Groupons.
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