Groupon earnings beat; guidance disappointing

Daniel Acker | Bloomberg | Getty Images

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.

This is a breaking news article. Please check back for updates on this story.

Contact Earnings


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More