Groupon stock falls after 3Q results fall short

November 8, 2012

(AP)—Groupon, the No. 1 online deals service, says it had a small loss in the third quarter as higher revenue failed to make up for stock compensation and other expenses.

Groupon Inc. said Thursday that its net loss was $3 million, or a breakeven per share, in the July-September period. A year ago it lost $54.2 million, or 18 cents per share.

Revenue grew 32 percent to $569 million, below 's expectations of $591 million as surveyed by FactSet.

Groupon's stock is down 49 cents, or 12.5 percent, at $3.43 in after-hours trading following the announcement. Groupon went public last November at a of $20.

Explore further: Zynga posts 4Q net loss on IPO-related stock costs

0 shares

Related Stories

Zynga posts 4Q net loss on IPO-related stock costs

February 14, 2012

(AP) -- Online game maker Zynga Inc. reported a net loss in the last three months of 2011, weighed by hefty stock-compensation expenses and other costs in its first quarter as a public company.

A look at tech companies with recent IPOs

August 13, 2012

Groupon became the latest of the newly traded tech companies to report quarterly earnings. Zynga and Facebook reported quarterly earnings that disappointed investors, while Yelp and LinkedIn followed with stronger results. ...

LinkedIn 3Q results sail past expectations

November 1, 2012

LinkedIn Corp. outpaced Wall Street's expectations with its third-quarter results, solidifying its status as an investor favorite at a time when other Internet companies have fallen from grace.

Recommended for you

Cellphones can steal data from 'air-gapped computers'

July 28, 2015

Researchers at the Ben-Gurion University of the Negev (BGU) Cyber Security Research Center have discovered that virtually any cellphone infected with a malicious code can use GSM phone frequencies to steal critical information ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.