360° Coverage : Groupon Stock Takes A Wild Ride After Revenue Beat, Earnings...

2 Updates

Groupon Stock Takes A Wild Ride After Revenue Beat, Earnings Disappointment

Feb 20 2014, 5:24pm CST | by

Imagine it’s Christmas morning and under the tree you find the shoes you have been eying for months. You are overjoyed, but when you try them on you realize the shoes are far too small and can’t be...

Filed under: news

 
 
 

29 weeks ago

Groupon Stock Takes A Wild Ride After Revenue Beat, Earnings Disappointment

Feb 20 2014, 5:24pm CST | by

Imagine it’s Christmas morning and under the tree you find the shoes you have been eying for months. You are overjoyed, but when you try them on you realize the shoes are far too small and can’t be returned. That is probably what it felt like to be a Groupon investor after earnings Thursday.

Following an initial double digits after hours pop, Groupon shares swung down close to negative 10.5% to $9.20.

Groupon reported fourth quarter revenue of $768.4 million, well ahead of Wall Street Analysts’ $718 million consensus estimate and 20% higher in the same period in 2012. In a statement CEO Eric Lefkofsky said, “Our record performance in the quarter was led by strength in Goods, as shoppers increasingly looked to Groupon to fill their holiday needs.” The company reported $286 million in goods gross billing — a measure the total dollar value of customer purchases minus taxes and estimated refunds — up 18.8% from the same period in the prior year.

Digging further into the report, however, the package becomes less desirable. Despite strong revenue growth, the digital deals company still finished the quarter in the red, with a $81.2 million net loss thanks in part to a $85.5 million non-operating loss related to an investment in China and $34.5 million in acquisition costs. Including the China loss and acquisition costs the company reported a per share loss of 12 cents. Wall Street expected a GAAP loss of a penny. However, excluding the China loss and other costs the company reported 4 cents in earnings per share, beating a 2 cent earnings estimate.

For the full year revenue increased 7% to $5.8 billion, 31% growth in North America offset declines around the world. Net loss (including China losses, acquisitions costs and stock compensation) came in at $95.4 million, or 14 cents a share. On the non-GAAP basis the company reported earnings of 11 cents per share.

Looking ahead the company expects first quarter 2014 revenue to fall between $710 million and $760 million and non-GAAP loss per share as low as negative 4 cents and as high as negative 2 cents.


Follow @samsharf/>

Source: Forbes Business

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the wor ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tra ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

India, Vietnam ramp up ties, ink seven agreements
Hanoi, Sep 15 (IANS) Signalling their intent to move closer in various spheres, India and Vietnam Monday signed seven agreements, including one for direct flights between their capitals, for scouting for oil, and an extended line of credit for purchase of defence equipment.
 
 
Asian monsoon much older than previously thought
Washington, Sep 15 (IANS) The Asian monsoon came into existence 40 million years ago during a period of high atmospheric carbon dioxide and warmer temperatures, reports an international research team.
 
 
Mild hyper-tension can be treated without drugs
London, Sep 15 (IANS) For people with mild hyper-tension, encouraging lifestyle changes should be the first line of recommendations for physicians rather than putting them on drugs, suggest experts.
 
 
Fijians safe from Ebola virus: Health ministry
Suva, Sep 15 (IANS) Fiji's health ministry has ruled out any possibility of Ebola outbreak in the island-country because of its geographical location and lack of any direct global trade with West Africa, media reported Monday.
 
 
 

Latest from the Network

Mild hyper-tension can be treated without drugs
London, Sep 15 (IANS) For people with mild hyper-tension, encouraging lifestyle changes should be the first line of recommendations for physicians rather than putting them on drugs, suggest experts. Lead researcher...
Read more on Celebrity Balla
 
Amy Winehouse statue unveiled in London
London, Sep 15 (IANS) A life-size bronze statue of late singer Amy Winehouse was unveiled in Camden town neighborhood in north London on the occasion of her 31st birth anniversary. Winehouse's parents, Mitch and Janis...
Read more on Celebrity Balla
 
Kerry Katona says 'I do' for third time
London, Sep 15 (IANS) Singer Kerry Katona tied the knot for the third time, and this time with former rugby player George Kay near Bristol. Katona's best friend Katie Price was a bridesmaid at the nuptials held Sunday...
Read more on Celebrity Balla
 
Fijians safe from Ebola virus: Health ministry
Suva, Sep 15 (IANS) Fiji's health ministry has ruled out any possibility of Ebola outbreak in the island-country because of its geographical location and lack of any direct global trade with West Africa, media reported...
Read more on Business Balla
 
Liam Neeson says action heroes don't have to be young
Liam Neeson says action movie roles are now for older actors too. The 'A Walk Among the Tombstones' star has become a fixture in adrenaline-fuelled blockbusters like 'Taken', and while he think it isn't something for ''...
Read more on Movie Balla
 
Bond 24 to begin filming in December
Filming for the new James Bond film is to begin in December. Den of Geek reports that shooting for the eagerly-awaited new flick will start on December 6, 2014, with the star-studded cast set to get together at Pinewood...
Read more on Movie Balla
 
Two more MH17 victims identified
Kuala Lumpur, Sep 15 (IANS) The remains of two more victims aboard the Malaysian Airlines MH17, that was shot down over Ukraine, have been identified, authorities said Monday. All remains of the 15 crew members of the...
Read more on Politics Balla
 
How genes keep body clock in proper rhythm
Washington, Sep 15 (IANS) Sixteen years after scientists found the genes that control the circadian clock in all cells, US researchers have now discovered how genes keep the circadian clocks in all human cells in time...
Read more on Apple Balla
 
Afghanistan arrive in Perth for ICC World Cup preparation
Perth, Sep 15 (IANS) The Afghanistan team arrived here Monday to launch the final stages of their preparation for the ICC Cricket World Cup 2015, which will be played in Australia and New Zealand from Feb 14 to March...
Read more on Sport Balla
 
Tabuena to be patient in quest for Asian Tour win
Selangor (Malaysia), Sep 15 (IANS) Patience will remain a virtue for Filipino teenager Miguel Tabuena as he turns his focus on this week's Worldwide Holdings Selangor Masters. The 19-year-old narrowly missed out on...
Read more on Sport Balla