Groupon earnings beat; guidance disappointing
Groupon reported quarterly earnings on Thursday that beat analysts' expectations, but current quarter earnings guidance was disappointing.
The deal-of-the-day website forecast a loss of between 2 cents and 4 cents per share for the current quarter. Wall Street had expected a profit.
After the earnings announcement, the company's shares dropped more than 10 percent in after-hours trading. (Click here to get the latest quote.)
The company posted fourth-quarter earnings of 4 cents per share on $768 million in revenue.
Analysts had expected Groupon to report earnings of 2 cents a share on $718 million in revenue, according to a consensus estimate from Thomson Reuters.
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