Groupon revenue rises, but still disappoints Wall Street
Although Groupon’s revenue is up 32 percent from last year, it is still getting crushed by investors for not making as much as expected.
The daily-deals company today reported revenue of about $568.6 million in its third quarter, up from $430 million the same time last year. The company narrowed its net loss dramatically, to just under $3 million from $54 million a year earlier, and it broke even on a per share basis. And yet the revenue and profit figures fell short of Wall Street expectations.
Analysts were expecting revenue of $590 million and earnings of 3 cents per share, according to…
See more here: Groupon revenue rises, but still disappoints Wall Street