Why Groupon (GRPN) Is Falling In Late Trading

NEW YORK (TheStreet) -- Groupon (GRPN) was falling 3.2% to $9.95 in after-hours trading after the company released fourth-quarter results that beat estimates, but guidance fell short of earnings estimates.

For the fourth-quarter, Groupon earned 4 cents a share, beating analysts' estimates of 2 cents a share. The online deal company recorded revenue of $768 million for the quarter, beating analyst expectations of $718 million from those surveyed by Thomson Reuters.

For the first-quarter, Chicago-based Groupon expects revenue between $710 million and $760 million, and expects to lose between 2 cents to 4 cents a share. Analysts are looking for revenue of $681.2 million and earnings of 6 cents a share for the quarter.

"Our record performance in the quarter was led by strength in Goods, as shoppers increasingly looked to Groupon to fill their holiday needs," CEO Eric Lefkofsky said in a press release. "Our mobile business continued to gain momentum as our worldwide mobile transaction mix increased more than 10% in the quarter, to nearly 50% in December. With another 9 million downloads this quarter, we now have nearly 70 million app downloads to date."

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