LIVE: GROUPON WHIFFS, AND THE STOCK IS DOWN 10% (GRPN)

Jay Yarow

Groupon earnings are out!

The stock is down in after-hours trading after the company missed analyst estimates on revenue and gave worse than expected guidance. 

An immediate 10% after-hour drop followed a 5% drop during the day. Since September the stock has been falling. 

In addition to announcing earnings, Groupon announced that it acquired Ticket Monster, an e-commerce company from Korea.

Here are the big numbers versus expectations:

  • Revenues: $595 million versus $615.69 million expected.
  • Earnings per share: $0.02 versus $0.01 expected
  • Q4 EPS $0.00 to $0.02 versus $0.06 expected
  • Revenue: $690-$740 million versus $723.68 million expected

Here's the full earnings release:

Groupon Announces Third Quarter 2013 Results and Agreement to Acquire Ticket Monster

See Also:

SEE ALSO: Look How Groupon's Core Daily Deal Business Has Declined