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Groupon, Inc. Message Board

  • opinionscincy opinionscincy Feb 27, 2013 4:19 PM Flag

    Article Says Lost -12 a Share.. LINK

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    Feb. 27, 2013, 4:13 p.m. EST
    Groupon's loss, outlook sink shares in after hours
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    By Rex Crum

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    SAN FRANCISCO (MarketWatch) -- Groupon Inc. GRPN -23.91% on Wednesday reported a fourth-quarter loss of $81.1 million, or 12 cents a share, on revenue of $638.3 million, compared with a loss of $65.4 million, or 12 cents a share, on $492 million in sales in the same period a year ago. Groupon said its results included a loss of 7 cents a share related to a non-operational item. Analysts surveyed by FactSet had forecast Groupon to earn 3 cents a share on revenue of almost $640 million. For its first quarter, Groupon forecast revenue between $560 million and $610 million, while analysts forecast sales of $646.8 million. Groupon's shares plunged 28% in after-hours trading following the release of its results.

 
GRPN
4.29-0.21(-4.67%)Sep 1 4:00 PMEDT