Online coupon companies RetailMeNot (SALE) and Coupons.com got clipped by investors on Tuesday after both gave disappointing guidance. RetailMeNot stock was down 6% while Coupons.com (COUP) stock crashed 27% in midday trading on the stock market today. Austin, Texas-based RetailMeNot early Tuesday beat Wall Street’s sales and profit targets for the fourth quarter, but gave Q1 guidance that was short of consensus views. In the December quarter,
Coupons.com (COUP) stock rose in after-hours trading Wednesday after the digital coupons provider delivered its first post-IPO quarterly report. The Mountain View, Calif.-based company said its sales rose 41% to $51.5 million from the year-ago quarter, its seventh quarter in a row of double-digit gains. But it lost 41 cents a share. The loss compares with a 45-cent loss in the same quarter a year ago. In after-hours trading Wednesday, Coupons.com
Coupons.com cashed in a winning ticket Friday with an initial public offering that nearly doubled on its first day of trading. The website provider of digital coupons priced at $16, above the expected $12-$14 range. The NYSE-listed stock opened at 27, climbed to 33 intraday before closing up 88% at 30.01. Coupons.com (COUP) raised $168 million by selling 10.5 million shares. An early digital coupons entrant was RetailMeNot (SALE),