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Groupon Slides 7% on Q3 Profit Loss, Global Units Sold Down 5%
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Groupon Inc. (GRPN - Free Report) just released its third quarter fiscal 2016 financial results, posting earnings of a loss of 6 cents per share and revenue of $720.5 million. GRPN is a Zacks Rank #1 (Strong Buy), and is down roughly 7% to $4.92 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company reported earnings of a loss of 6 cents per share, beating the Zacks Consensus Estimate of a loss of 8 cents per share. This number excludes a penny from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $720.5 million, surpassing our consensus estimate of $708 million and increasing 1% from the prior year period. North America revenue increased 4%, EMEA declined 1% and Rest of World declined 19%.
Global units sold declined 5% year-over-year to 49 million, primarily driven by country exits and our restructuring efforts in international segments. Units in North America increased 4%, EMEA units declined 8%, and Rest of World units declined 31%.
Looking ahead, Groupon is raising its revenue guidance range to between $3.075 billion to $3.150 billion for 2016, but narrowing its expected 2016 Adjusted EBITDA range to between $150.0 million and $165.0 million.
"Our strategy continues to deliver results with double-digit growth in North Americalocal billings and our highest quarter for customer acquisition in over three years," said Groupon CEO Rich Williams. "We are looking forward to a strong finish to the year and further progress on our mission to make Groupon a daily habit for consumers."
Here’s a graph that looks at Groupon’s price, consensus, and EPS surprise:
Groupon, Inc. operates a shopping website which offers goods and services at a discount in North America and internationally. It offers deals in health and beauty, retail, services, activities, events, and food and drink. Groupon is headquartered in Chicago, Illinois.
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Groupon Slides 7% on Q3 Profit Loss, Global Units Sold Down 5%
Groupon Inc. (GRPN - Free Report) just released its third quarter fiscal 2016 financial results, posting earnings of a loss of 6 cents per share and revenue of $720.5 million. GRPN is a Zacks Rank #1 (Strong Buy), and is down roughly 7% to $4.92 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company reported earnings of a loss of 6 cents per share, beating the Zacks Consensus Estimate of a loss of 8 cents per share. This number excludes a penny from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $720.5 million, surpassing our consensus estimate of $708 million and increasing 1% from the prior year period. North America revenue increased 4%, EMEA declined 1% and Rest of World declined 19%.
Global units sold declined 5% year-over-year to 49 million, primarily driven by country exits and our restructuring efforts in international segments. Units in North America increased 4%, EMEA units declined 8%, and Rest of World units declined 31%.
Looking ahead, Groupon is raising its revenue guidance range to between $3.075 billion to $3.150 billion for 2016, but narrowing its expected 2016 Adjusted EBITDA range to between $150.0 million and $165.0 million.
"Our strategy continues to deliver results with double-digit growth in North Americalocal billings and our highest quarter for customer acquisition in over three years," said Groupon CEO Rich Williams. "We are looking forward to a strong finish to the year and further progress on our mission to make Groupon a daily habit for consumers."
Here’s a graph that looks at Groupon’s price, consensus, and EPS surprise:
GROUPON INC Price, Consensus and EPS Surprise
GROUPON INC Price, Consensus and EPS Surprise | GROUPON INC Quote
Groupon, Inc. operates a shopping website which offers goods and services at a discount in North America and internationally. It offers deals in health and beauty, retail, services, activities, events, and food and drink. Groupon is headquartered in Chicago, Illinois.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>