Thursday, February 28, 2013

Groupon Reports $638.3M In Q4 Revenue, Shares Drop More Than 20 Percent Due To Worse-Than-Expected Loss

groupon logoGroupon has just put out its Q4 and full-year results. It has reported quarterly revenue of $638.8 million with an operating loss of $12.9 million and a loss per per share of 12 cents, falling short of?analyst expectations on the EPS front ? they had predicted $638.41 million in revenue and EPS of $0.03. Those numbers show 30 percent revenue growth and a slightly smaller ($12.9 million versus $15 million) operating loss compared to the same period last year. (Those Q4 results needed to be restated about a month after reporting because Groupon had higher-than-expected refunds, due to selling more expensive products and having customers make more returns of those goods.)

Source: http://feedproxy.google.com/~r/Techcrunch/~3/YZ37wsZBXCY/

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