Groupon: 4Q Earnings Snapshot

·1 min read

CHICAGO (AP) _ Groupon Inc. (GRPN) on Thursday reported fourth-quarter earnings of $14 million.

The Chicago-based company said it had net income of 47 cents per share. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The online daily deal service posted revenue of $343.1 million in the period.

For the year, the company reported that its loss widened to $287.9 million, or $10.07 per share. Revenue was reported as $1.42 billion.

Groupon shares have dropped almost 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.97, an increase of 24% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRPN at https://www.zacks.com/ap/GRPN

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