Groupon Q1 Net Loss Narrows; Outlook Weak

(RTTNews) - Groupon, Inc. (GRPN) reported a net loss for the first quarter pf $14.3 million or $0.02 per share, compared to a net loss of $37.8 million or $0.06 per share for the year-ago quarter.

Loss from continuing operations for the first quarter was $0.03 per share, compared to loss from continuing operations of $0.04 per share in the prior year quarter.

Excluding items, adjusted net earnings for the latest quarter was $21.3 million or $0.03 per share.

Revenue for the first quarter rose to $750.26 million from $728.42 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.01 per share on revenue of $812.19 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecasts revenue of $700 million to $750 million and adjusted earnings from continuing operations of $0.01 to $0.03 per share. Analysts currently expect the company to earn $0.03 per share on revenue of $826.70 million for the second quarter.

For the full year 2015, the company forecasts revenue of $3.15 billion to $3.3 billion. Analysts currently expect the company to post revenue of $3.51 billion for the full year 2015.