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,
RetailMeNot (SALE) stock plunged Tuesday to an all-time low after the company’s Q2 sales missed forecasts and its outlook for the rest of 2014 disappointed analysts. The digital coupon provider reported earnings after the market close Monday. Revenue rose 37% to $59.5 million, below the consensus estimate of $60.4 million. It was the second quarter in a row of decelerating revenue growth. Earnings per share fell 20% to 8 cents. RetailMeNot stock
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),