Reuters: Global Markets: Groupon quarterly revenue misses expectations

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Groupon quarterly revenue misses expectations Aug 13th 2012, 20:28 Tweet Share this Email Print Related News Nvidia rides Tegra wave, beats on revenue outlook Thu, Aug 9 2012 Bombardier profit, sales fall on gap in train contracts Thu, Aug 9 2012 "Avengers" helps power Disney profit in quarter Tue, Aug 7 2012 Customer losses, high retention costs hit Leap Wireless Mon, Aug 6 2012 Kraft stands by 2012 goal, plans to reinvest profit Thu, Aug 2 2012 Analysis & Opinion Facebook's market meltdown is far from over Deutsche Bank's profit miss isn't temporary hiccup Related Topics Tech » Hot Stocks » Asian Markets » The Groupon smartphone app is seen on a Motorola Droid Bionic cellphone in Denver November 4, 2011. Credit: Reuters/Rick Wilking By Alistair Barr Mon Aug 13, 2012 4:28pm EDT (Reuters) - Groupon Inc reported second-quarter revenue that missed Wall Street expectations on Monday, sending shares of the world's largest daily deal website down 12 percent. Revenue was $568.3 million, compared with $392.6 million in the second quarter of 2011, the Chicago-based company said. Wall Street expected Groupon to report revenue of $573 million, according to Thomson Reuters I/B/E/S. Earlier this year, Groupon forecast second-quarter revenue of $550 million to $590 million. Groupon shares fell to $6.62 in after-hours trading. The stock is down about 60 percent so far this year. "Revenue was at the lower end of where they guided," said Herman Leung, an analyst at Susquehanna Financial Group. Groupon's profit forecast was weaker than expected, Leung added. Groupon said third-quarter income from operations would be $45 million to $65 million, excluding stock-based compensation costs. Wall Street was looking for profit of about $70 million to $80 million on that basis, Leung noted. (Reporting By Alistair Barr; Editing by Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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