Groupon easily topped Wall Street's earnings and revenue expectations on Thursday, but its forecast for first-quarter results fell short of expectations, as the e-commerce company struggled to boost growth globally.
Citing the unfavorable impacts of foreign exchange rates, Groupon said it expects revenue of between $790 million and $840 million, below estimates of $856 million.
Its profit outlook was dismal too. It forecast a range from break even up to 2 cents per share, while analysts currently expect earnings of 2 cents per share.
After the earnings announcement, Groupon's shares fell 2 percent in after-hours trading.
The company posted fourth-quarter profit of 6 cents per share, up from 4 cents a share a year earlier. Revenue increased 20 percent to $925 million from $768 million.
Analysts had expected the company to report earnings of 3 cents a share on $908 million in revenue, according to a consensus estimate from Thomson Reuters.