This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Groupon Downgraded After Results Miss Estimates: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Groupon (GRPN - Get Report) after the stock was downgraded following earnings from the daily deals company that missed Wall Street estimates.

Groupon reported fourth-quarter revenue that rose 30% to $638 million, on target with analysts' expectations. The company posted a fourth-quarter loss of 12 cents a share. Excluding items, Groupon's loss was 1 cent a share, below analysts' expectations of a profit of 3 cents a share.

Groupon said it expects first-quarter revenue to be between $560 million and $610 million, while analysts were expecting $650 million.

Groupon was downgraded at Wells Fargo to "market perform" from "outperform" on Thursday and also downgraded to "underperform" from "neutral" by at least two other brokerages.


Sears (SHLD - Get Report) is trending as the retailer reported stronger-than-expected quarterly results on lower costs.

The company reported a loss of $489 million, or $4.61 a share, in the fourth quarter, narrower than a loss of $2.4 billion, or $22.47 a share, a year ago. Excluding items, the company earned $1.12 a share, compared to analysts' expectations of a profit of 98 cents a share.

Sears has made efforts to cut costs through closing stores and shedding assets. CEO Edward Lampert said the company will be investing in in-store technology, online business and Sears' loyalty program in order to help drive results.


Fashion's Night Out is another popular search. The annual event when retailers offer discounted prices along with free entertainment will be canceled across the U.S. this year.

The event, created four years ago, was originally cultivated to aid retailers hit by the recession.

Steven Kolb, CEO of the Council of Fashion Designers of America, said the event has served its purpose as retailers' sales have steadily improved.

In a statement, organizers said the decision was made so retailers can focus on their own budgets instead of using their resources to put on the event.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
GRPN $5.06 -2.50%
SHLD $27.02 -3.91%
AAPL $124.53 -1.75%
FB $85.80 -2.51%
GOOG $521.52 -1.91%

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs