The company reported adjusted earnings of a penny a share on revenue of $751.6 million, up from $608.7 million in the same period one year earlier. Analysts had expected earnings of a penny a share on revenue of $761.8 million.
Groupon issued third-quarter adjusted EPS guidance in the range of flat to 2 cents a share on revenue in the range of $720 million to $770 million. The consensus estimate calls for EPS of 3 cents on revenue of $760.62 million.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The stock was down 13% to $6.15 at 4:14 p.m. Separately, TheStreet Ratings team rates GROUPON INC as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate GROUPON INC (GRPN) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share." You can view the full analysis from the report here: GRPN Ratings Report GRPN data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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