-+ 0.00%
-+ 0.00%
-+ 0.00%
Groupon: Q2 Earnings Snapshot
Share
Listen to the news

CHICAGO (AP) — CHICAGO (AP) — Groupon Inc. (GRPN) on Thursday reported a loss of $1.8 million in its second quarter.

On a per-share basis, the Chicago-based company said it had a loss of 4 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The online daily deal service posted revenue of $124.7 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $127.4 million.

For the current quarter ending in September, Groupon said it expects revenue in the range of $128 million to $130 million.

The company expects full-year revenue in the range of $513 million to $523 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRPN at https://www.zacks.com/ap/GRPN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending