Groupon earned 3 cents per share for the quarter, higher compared to the 1 cent per share analysts were expecting. Revenue came in at $750 million for the period, lower compared to the $812 million analysts polled by Thomson Reuters were expecting.
In the first quarter of 2014, Groupon reported a loss of 1 cent per share on revenue of $728.4 million.
Groupon CEO Eric Lefkofsky said in a statement, "Our North America business saw its third-straight quarter of double digit billings increases in all three categories, and we made continued progress in our mission to connect local commerce through our predominantly mobile marketplace."
Looking ahead, the company expects second quarter 2015 earnings per share from continuing operations of between 1 cent to 3 cents per share.
For the full year 2015, Groupon expects revenue of between $3.15 billion and $3.3 billion.
Shares of Groupon closed Tuesday's regular session down 2.84% to $6.84.
About 16.77 million shares of Groupon exchanged hands as of 4:19 p.m. ET today, compared to its average daily volume of about 8.67 million shares.
Separately, TheStreet Ratings team rates GROUPON INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GROUPON INC (GRPN) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."
You can view the full analysis from the report here: GRPN Ratings Report