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Technology Stocks : Groupon, Inc.

GRPN 20.13

+2.6%

Oct 31 9:30 AM EST

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From: zax	2/14/2018 2:44:05 PM
	of 480

Groupon misses 4Q profit forecasts finance.yahoo.com CHICAGO (AP) _ Groupon Inc. (GRPN) on Wednesday reported fourth-quarter net income of $47.7 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Chicago-based company said it had net income of 8 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share. The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. The online daily deal service posted revenue of $873.2 million in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $860.6 million. For the year, the company reported net income of $14 million, or 2 cents per share, swinging to a profit in the period. Revenue was reported as $2.84 billion. Groupon shares have risen 2 percent since the beginning of the year. The stock has risen 46 percent in the last 12 months.

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