Groupon Shares Slide on Q2 Earnings Miss

Groupon (NASDAQ:GRPN) stock was down on Friday following the release of its earnings report for the second quarter of 2018.

Groupon Shares Slide on Q2 Earnings Miss

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Groupon’s earnings report for the second quarter of the year includes earnings per share of 2 cents. This is the same as the company’s earnings per share from its second quarter of 2017. Unfortunately for GRPN stock, this is below Wall Street’s earnings per share estimate of 3 cents for the period.

Net loss reported by Groupon for the second quarter of 2018 came in at $92.25 million. The e-commerce company reported a net loss of $6.78 million in the same period of the year prior.

During the second quarter of the year, Groupon reported an operating loss of $64.25 million. This is a drop from the company’s operating loss of $7.40 million from the second quarter of the previous year.

Groupon’s revenue of $617.40 million for the second quarter of 2018 was also a blow to GRPN stock today. It’s down from the company’s revenue of $662.62 million that was reported in the same period of the year prior. GRPN’s revenue for the quarter also couldn’t match analysts’ revenue estimate of $632.46 million.

Groupon says that its outlook for the full year of 2018 includes Adjusted EBITDA ranging from $280 million and $290 million. The company also notes that it is expecting cash flow for the year to be $200 million. This excludes any amount paid to IBM (NYSE:IBM) over the lawsuit between the two companies.

GRPN stock was down 2% as of Friday morning and is down 9% as of Friday morning.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2018/08/groupon-stock-down-on-q2-miss/.

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