Groupon’s Shares Gyrate In Wake Of Profit Beat, Revenue Miss In Q1

TechCrunch

After the bell today, Groupon reported its first-quarter financial performance. The company, best known for its discount coupons to local businesses, earned an adjusted $0.03 per share on $750.4 million during the period. Those figures compare to street expectations of a $0.01 per-share profit, and revenue of $812.19 million.

Down around 3 percent in regular trading, Groupon is now mostly flat in after-hours trading following its mixed earnings report.

Groupon was recently in the news for selling a majority stake in its Korean ticket sales service, Ticket Monster. The service, as TechCrunch noted during Groupon’s fourth-quarter report, helped the company grow its international revenue, but was a drag on profitability. Rumored last year, the $360 million sale was stapled to a promise that the Chicago-based deals company would initiate a share repurchase program.

The company posted a slim gross billings increase on a year-over-year basis, with total product of $1.55 billion moving…

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