Groupon: 4Q Earnings Snapshot
CHICAGO (AP) _ Groupon Inc. (GRPN) on Tuesday reported fourth-quarter profit of $46.2 million.
On a per-share basis, the Chicago-based company said it had profit of 8 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 10 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The online daily deal service posted revenue of $799.9 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $785.1 million.
For the year, the company reported a loss of $11.1 million, or 2 cents per share, swinging to a loss in the period. Revenue was reported as $2.64 billion.
In the final minutes of trading on Tuesday, the company's shares hit $3.96. A year ago, they were trading at $5.14.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRPN at https://www.zacks.com/ap/GRPN