RetailMeNot (SALE) Stock Slips Despite Beating Quarterly Estimates

NEW YORK (TheStreet) -- RetailMeNot (SALE) stock is sliding on Tuesday despite the e-retailer posting better-than-expected earnings and sales over its first quarter.

By midafternoon, shares were down 8% to $30.08.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The digital coupons site earned 20 cents a share over the three months to March, a penny higher than analysts surveyed by Thomson Reuters forecast. Revenue of $61.3 million was 51.1% higher year over year, exceeding estimates by $5.7 million. 

Management expects second-quarter revenue of $58 million to $60 million and fiscal 2014 revenue between $276 million and $282 million. 

Analysts expected second-quarter revenue of $59.56 million and full-year revenue of $280.85 million. 

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists