Groupon misses on revenue; Shares plunge
Daily-deals company Groupon delivered quarterly earnings that edged above analysts' expectations on Thursday, but revenue came up short.
After the earnings announcement, the company's shares fell in after-hours trading. What is Groupon stock doing now? (Click here to get the latest quote.)
The company posted third-quarter earnings excluding items of 2 cents per share, down from 3 cents a share in the year-earlier period.
Revenue increased to $595 million from $569 million a year ago.
Analysts had expected the daily deal site to report earnings excluding items of 1 cent a share on $616 million in revenue, according to a consensus estimate from Thomson Reuters.