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February 9, 2012 02:26 am GMT
Groupon just announced its first earnings since its IPO in November. For the fourth quarter of 2011, it reported revenue of $506.5 million, beating analyst estimates of $473 million. It's also profitable, with net income of $15 million.However, Groupon came up short on earnings per share, coming in at negative $0.02, rather than the positive $0.03 EPS that analysts were expecting. (That number includes a $0.07 cent tax from international operations.) As result, at 4:20pm Eastern, Groupon was down 11.3 percent in after-hours trading.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LKg2OuqweK8/
Groupon Misses Earnings Estimates (Liveblog)
Groupon just announced its first earnings since its IPO in November. For the fourth quarter of 2011, it reported revenue of $506.5 million, beating analyst estimates of $473 million. It's also profitable, with net income of $15 million.However, Groupon came up short on earnings per share, coming in at negative $0.02, rather than the positive $0.03 EPS that analysts were expecting. (That number includes a $0.07 cent tax from international operations.) As result, at 4:20pm Eastern, Groupon was down 11.3 percent in after-hours trading.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LKg2OuqweK8/
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