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

Stocks Trade Lower as Amazon Rises, Apple and P&G Slump

Stocks Trade Lower as Amazon Rises, Apple and P&G Slump

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

Oil Stocks Jump as Global Crude Oil Rally Gains Steam