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Groupon's quarterly loss, revenue beat expectations

Daniel Acker | Bloomberg | Getty Images

Groupon's quarterly loss and revenue surpassed analysts' expectations on Tuesday, but its second-quarter guidance came up short of Wall Street expectations.

After the earnings announcement, the company's shares dropped more than 7 percent in after-hours trading. (Click here to find out what Groupon's stock is doing now.)

The company reported an adjusted loss of 1 cent a share on revenue of $758 million.

Analysts had expected the company to report an adjusted loss of 3 cents a share on $738 million in revenue, according to a consensus estimate from Thomson Reuters.

Groupon said it expects its second-quarter earnings, excluding items, to come in between zero and 2 cents per share on revenue of between $725 million and $775 million.

Analysts expected the firm to report earnings of 3 cents per share on $754 million in revenue, according Thomson Reuters estimates.

Earlier this month, the site announced Groupon Basics, a bulk-order category that it hopes will appeal to shoppers who favor Costco and Sam's Club.

Also, the online deals site last month launched a Wedding Shop that features gowns, tuxedos—even engagement rings—at a fraction of their normal prices.

In August, Groupon Goods listed fewer than 600 items for sale versus about 5,000 today.

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