Groupon Inc Earnings: Here’s Why Investors are Selling Shares Now
Groupon Inc (NASDAQ:GRPN) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 25.95%.
Groupon Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.12 in the quarter versus EPS of $-0.02 in the year-earlier quarter.
Revenue: Rose 29.69% to $638.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Groupon Inc reported adjusted EPS loss of $0.12 per share. By that measure, the company missed the mean analyst estimate of $0.03. It missed the average revenue estimate of $638.41 million.
Quoting Management: “Record billings growth this quarter is a clear signal that customers love Groupons,” said Andrew Mason, CEO of Groupon. “We will continue to invest in growth through 2013 as we see new opportunities to give our customers what they want.”
Key Stats (on next page)…