Groupon shares tumbled after-hours after the daily-deals site reduced its revenue for the fourth quarter due to customer returns.
Groupon reduced its reported fourth-quarter revenue by $14.3 million, which clipped earnings by about four cents a share, the company said on Friday.
The revision was primarily due to customer returns of big-ticket items, the company said in a statement.
The company reaffirmed its revenue for the first quarter, saying that it expects $510 million to $550 million.
The company's shares tumbled in after-hours trading.
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