Groupon ( GRPN), the daily deals company, missed Wall Street's fourth-quarter earnings estimates. Groupon reported on Wednesday a fourth-quarter adjusted loss of 5 cents a share on revenue of $638.3 million. Analysts were looking for earnings of 3 cents a share on revenue of $638.4 million. Operating cash flow in the quarter plunged 61% to $65.7 million from $169.7 million in the fourth quarter of 2011. The company provided first-quarter guidance that was sharply below Wall Street expectations. Groupn expects sales to be between $560 million and $610 million, a year-over-year increase of between 0% and 9%. Wall Street analysts are expecting sales of $647.7 million. Groupon Sinks as Cash Flows Plunge
Sears ( SHLD) is expected by analysts Thursday to post fourth-quarter earnings of 98 cents a share on revenue of $11.77 billion.
Kohl's ( KSS) is expected by Wall Street to post fourth-quarter profit of $1.63 a share on revenue of $6.24 billion. Act Two of This Week's Retail Earnings
The Securities and Exchange Commissioner has escalated an investigation into suspicious trades placed ahead of the $23 billion takeover of H. J. Heinz ( HNZ), focusing on a complex derivative bet routed through London, The New York Times reported, citing two people briefed on the matter.
Wall Street expects software company Salesforce.com ( CRM) to report quarterly earnings of 40 cents a share when it issues its results after the markets close Thursday.
Wal-Mart's ( WMT) chief administrative officer, Tom Mars, is steeping down after working for the giant retailer for more than a decade.
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