Skip to content

PileOn, I mean Groupon, disappoints again

February 28, 2013

02-28-2013_Groupons_4th_quarter

Today’s infographic provides an overview of Groupon’s latest financial results.http://www.statista.com/topics/824/groupon/chart/946/groupon-s-latest-financial-results/

Yesterday after market close, Groupon announced its results for the fourth quarter of 2012.

The company posted solid revenue growth but saw its international business decline.

Groupon reported revenue of $638 million, as gross billings soared to a record high of $1.52 billion.

The company posted a net loss of $81 million, disappointing investors who had hoped the company would be closer to profitability by now.

The outlook that CEO Andrew Mason gave, didn’t do much to calm the nerves of Groupon’s investors: for the current quarter, Mason gave a revenue guidance of $560 to $610 million. Analysts on average had expected $647 million.

Consequently, Groupon’s stock was punished in the after-hours market. The stock that had just climbed back from an all-time low, fell 25 percent in late trading on Wednesday. Before the late decline, the stock had closed at $5.98, 70 percent below the IPO price of $20.

 

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s