Groupon Earnings Outlook Disappoints, Stock Falls

By | February 21, 2014

Scalper1 News

Daily deals company Groupon’s (GRPN) Q1 sales guidance blew away analyst expectations, but the company said its full-year earnings would be only “slightly above” 2013 levels, sending the stock plummeting Friday. The Chicago-based company late Thursday said it expects current-quarter sales of $710 million to $760 million, or $735 million at the midpoint. Analysts had been modeling $669 million, according to Thomson Reuters. But the company says Scalper1 News

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