Why RetailMeNot (SALE) Stock Is Tanking In After-Hours Trading Today

Update: This article previously reported RetailMeNot's GAAP earnings instead of their non-GAAP earnings. Article has been updated to reflect the company's non-GAAP earnings.

NEW YORK (TheStreet) -- RetailMeNot (SALE) shares are declining -5.5% to $23.90 after reporting a 16% decline in second quarter net income from the previous year to $4.3 million, or an adjusted 18 cents per diluted share, 1 cent better than analysts were expecting for the quarter.

Revenue for the quarter was $59.5 million, just short of analysts $60 million expectations. 

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SALE ChartSALE data by YCharts

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