10 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

 
 
 

21 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
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Newcastle United Training Session
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken int ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by th ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Hussein. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Musta ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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

Air Algerie plane missing in west Africa
Algiers, July 24 (IANS) A passenger plane of Algeria's state-run Air Algerie was Thursday reported missing 50 minutes after taking off from Ouagadougou Airport in Burkina Faso, according to media.
 
 
Monitor pulse after stroke to avoid second
New York, July 24 (IANS) Regularly monitoring your pulse after a stroke or the pulse of a loved one who has experienced a stroke can prevent a second stroke.
 
 
Goggles that can see through fog
London, July 24 (IANS) For pilots who often face adverse weather conditions like fog, torrential rain, snow and dust storms, this goggles can help them take off and land with ease.
 
 
Antarctic fish might survive ocean warming: Study
Wellington, July 24 (IANS) A species of Antarctic fish might be able to survive the predicted warming of its native waters over the next century if the warming is gradual enough, according to a New Zealand scientist.
 
 
 

Latest from the Network

Air Algerie plane missing in west Africa
Algiers, July 24 (IANS) A passenger plane of Algeria's state-run Air Algerie was Thursday reported missing 50 minutes after taking off from Ouagadougou Airport in Burkina Faso, according to media. "Air navigation...
Read more on Business Balla
 
The Rise And Fall Of NASCAR At Indy
This weekend is the latest running of NASCAR’s Brickyard 400 (officially the Crown Royal Presents the John Wayne Walding 400 at the Brickyard powered by BigMachineRecords.com) at the Indianapolis Motor Speedway. Almost...
Read more on Auto Balla
 
Amy Winehouse's mother approves of tributes
Amy Winehouse's mother thinks cigarettes and empty alcohol bottles are ''fitting'' tributes to her daughter. Fans flocked to the late 'Back to Black' star's former London home yesterday (07.23.14) to pay their respects...
Read more on Celebrity Balla
 
Tori Spelling hopes woes will teach children
Tori Spelling hopes her marriage problems will teach her children a lesson. The 'True Tori' star was left devastated when husband Dean McDermott - with who she has children Liam, seven, Stella, six, Hattie, two, and 22-...
Read more on Celebrity Balla
 
Zac Efron enjoys night with Robert Pattinson
Zac Efron and Robert Pattinson were in ''really good moods'' on a night out together. The Hollywood hunks enjoyed an evening with seven pals at Pinz Bowling Alley in California, followed by drinks in nightspot Bootsy...
Read more on Celebrity Balla
 
Mark Salling dating Denyse Tontz
Mark Salling is dating 'Big Time Rush' star Denyse Tontz. The 31-year-old 'Glee' actor confirmed his relationship with the 19-year-old actress and is looking forward to ''making magic'' with the starlet. He told Us...
Read more on Celebrity Balla
 
Monitor pulse after stroke to avoid second
New York, July 24 (IANS) Regularly monitoring your pulse after a stroke or the pulse of a loved one who has experienced a stroke can prevent a second stroke. Screening the pulse is the method of choice for checking...
Read more on Apple Balla
 
Goggles that can see through fog
London, July 24 (IANS) For pilots who often face adverse weather conditions like fog, torrential rain, snow and dust storms, this goggles can help them take off and land with ease. An Israeli company Elbit Systems has...
Read more on Apple Balla
 
Antarctic fish might survive ocean warming: Study
Wellington, July 24 (IANS) A species of Antarctic fish might be able to survive the predicted warming of its native waters over the next century if the warming is gradual enough, according to a New Zealand scientist....
Read more on Apple Balla
 
Nepal geared up for Sushma Swaraj's visit
Kathmandu, July 24 (IANS) India's External Affairs Minister Sushma Swaraj arrives here Friday for a three-day visit - the first high-level visit from the new Indian government - where the Nepal-India Joint Commission...
Read more on Politics Balla