Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Groupon Inc    GRPN

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Groupon results disappoint again, stock hits record low

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2012 | 12:42am CEST

Groupon Inc's results again fell short of Wall Street's already-cautious expectations as the daily deal company failed to turn around a struggling European business, sending its shares to a record low.

Groupon also confirmed on Thursday that it cut about 80 employees, mainly in sales, as part of an effort to automate and streamline the way its daily deals are sourced and distributed.

The company's shares slid to a record low of $3.25 in after-hours trading on Thursday, down 17 percent from their closing price of $3.92.

The darling of investors during last year's consumer dotcom IPO boom, Groupon has now shed four-fifths of its value since its public trading debut.

Wall Street has grown increasingly uneasy about the viability of its business as daily deals fever wanes among consumers and merchants, and as previously strong growth rates sputter.

Adding to the difficulties, the U.S. Securities and Exchange Commission has been inquiring into Groupon's accounting and disclosures, an area of controversy during its initial public offer.

Groupon's third-quarter revenue was $568.6 million, compared with $430.2 million in the year-ago period. Analysts were expecting revenue of $590 million, according to Thomson Reuters I/B/E/S.

It posted a quarterly net loss of $3 million, or zero cents per common share, compared with a net loss of $54.2 million, or 18 cents a share, in the third quarter of 2011.

Consolidated segment operating income, or CSOI, was at just over $50 million in the third quarter. Groupon forecast fourth-quarter CSOI between $30 million and $50 million.

Sameet Sinha, an analyst at B. Riley & Co, was expecting CSOI of $65.7 million in the third quarter and $67.7 million in the fourth quarter.

"CSOI was a big miss and Europe is taking it on the chin," Sinha said.

Andrew Mason, chief executive of Groupon, said on Thursday that a "solid performance" in North America was offset by "continued challenges" in Europe.

International revenue, which includes Europe, grew 3 percent to $277 million in the third quarter. North American revenue surged 80 percent to $292 million.

Europe has been a particular problem for Groupon, partly because the sovereign debt crisis has dented demand for higher-priced deals. Groupon was also offering steeper discounts, turning off some European merchants.

(Reporting By Alistair Barr; editing by Gary Hill, Andre Grenon and Matthew Lewis)

By Alistair Barr

Stocks treated in this article : Amazon.com, Inc., Groupon Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GROUPON INC
06/21 LOOKING GOOD ISN'T CHEAP : Groupon Finds People Will Spend Almost a Quarter of a..
06/21 LOOKING GOOD ISN’T CHEAP : Groupon Finds People Will Spend Almost a Quarte..
06/19 GROUPON : Parents cutting back to save for summer break
06/19 GROUPON, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
06/14 GROUPON : Charity via apps!
06/09 GROUPON : Patent Issued for Executing Multiple Transactions Using Trigger Inputs..
06/01 GROUPON : No commissions / no fees voucher deals site
06/01 GROUPON : No commissions / no fees voucher deals site launches in the UK
05/29 GROUPON : 15 UK Groupon alternatives & how to get your business on them
05/26 GROUPON : founder Eric Lefkofsky sells one Glencoe estate for $5.2 million
More news
Sector news : Internet & Mail Order Discount Stores
06/23 Exclusive - Wal-Mart not considering a bid for Whole Foods
06/21DJT.J. Maxx Is Defying The Retail Slump -- WSJ -2-
06/21DJT.J. Maxx Is Defying The Retail Slump -- WSJ
06/20DJHow T.J. Maxx is Bucking the Crisis in Retailing -2-
06/20DJHow T.J. Maxx is Bucking the Crisis in Retailing
More sector news : Internet & Mail Order Discount Stores
News from SeekingAlpha
06/15 Buy Berkshire Hathaway - Cramer's Lightning Round (6/14/17)
05/05 Groupon's North American Performance Being Skewed By International Restructur..
05/04 WALL STREET BREAKFAST : A Fresh Healthcare Vote
05/03 Groupon, Inc. 2017 Q1 - Results - Earnings Call Slides
05/03 Groupon (GRPN) Q1 2017 Results - Earnings Call Transcript
Advertisement
Financials ($)
Sales 2017 2 920 M
EBIT 2017 50,0 M
Net income 2017 -57,7 M
Finance 2017 783 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 131,42
EV / Sales 2017 0,39x
EV / Sales 2018 0,31x
Capitalization 1 924 M
More Financials
Chart GROUPON INC
Duration : Period :
Groupon Inc Technical Analysis Chart | GRPN | US3994731079 | 4-Traders
Full-screen chart
Technical analysis trends GROUPON INC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 4,20 $
Spread / Average Target 22%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Richard Williams Chief Executive Officer & Director
Eric P. Lefkofsky Chairman
Michael O. Randolfi Chief Financial Officer
Peter J. Barris Independent Director
Brad A. Keywell Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GROUPON INC3.61%1 924
COSTCO WHOLESALE CORPO..0.04%69 850
TJX COMPANIES INC-4.95%45 004
WAL-MART DE MEXICO S A..12.90%40 636
TARGET CORPORATION-27.92%28 727
DOLLAR GENERAL CORP.-3.50%19 412
More Results