Groupon Inc. Earnings: Loss Narrows, But Misses Estimates
Groupon Inc. (NASDAQ:GRPN) reported its results for the fourth quarter.
Groupon Inc. Earnings Cheat Sheet
Results: Loss narrowed to $42.7 million (8 cents per share) from a loss of $378.6 million or $1.08 a share.
Revenue: Rose more than twofold to $506.5 million
Actual vs. Wall St. Expectations: Groupon Inc. reported an adjusted net loss of 2 cents per share. By that measure, the company fell short of mean estimate of 3 cents per share. It beat the average revenue estimate of $475.1 million.
Quoting Management: “Groupon had a strong fourth quarter and we finished 2011 having helped 250,000 local merchants across 47 countries grow their businesses while saving Groupon customers billions of dollars,” said Andrew Mason, CEO and Co-Founder of Groupon. “We will continue to invest in new services and tools that help our merchant partners be more successful and drive local commerce around the world.”
Looking Forward: Analysts have a more positive outlook about the company’s results for next quarter. The average estimate for is 5 cents per share, an increase from 3 cents sixty days ago. For the fiscal year, the average estimate has moved from a loss of 57 cents a share to a loss of 31 cents over the last sixty days.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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