Advertisement
New Zealand markets close in 1 hour 43 minutes

  • NZX 50

    11,871.02
    +67.74 (+0.57%)
     

  • NZD/USD

    0.5945
    +0.0010 (+0.17%)
     

  • NZD/EUR

    0.5549
    +0.0008 (+0.14%)
     

  • ALL ORDS

    7,956.60
    +18.70 (+0.24%)
     

  • ASX 200

    7,702.20
    +18.70 (+0.24%)
     

  • OIL

    83.34
    -0.02 (-0.02%)
     

  • GOLD

    2,335.00
    -7.10 (-0.30%)
     

  • NASDAQ

    17,471.47
    +260.59 (+1.51%)
     

  • FTSE

    8,044.81
    +20.94 (+0.26%)
     

  • Dow Jones

    38,503.69
    +263.71 (+0.69%)
     

  • DAX

    18,137.65
    +276.85 (+1.55%)
     

  • Hang Seng

    17,111.54
    +282.61 (+1.68%)
     

  • NIKKEI 225

    38,329.39
    +777.23 (+2.07%)
     

  • NZD/JPY

    91.9480
    +0.1820 (+0.20%)
     

Groupon: 2Q Earnings Snapshot

Groupon: 2Q Earnings Snapshot

Associated Press

CHICAGO (AP) _ Groupon Inc. (GRPN) on Friday reported a loss of $95 million in its second quarter.

The Chicago-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The online daily deal service posted revenue of $617.4 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $630.8 million.

The company's shares closed at $4.74. A year ago, they were trading at $4.23.

_____

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