Despite a large uptick in the stock earlier today, Groupon’s fourth-quarter results caused its shares to 22 percent plunge in after-hours trading.
The Chicago-based company said its revenues were $638.3 million in the three months, just below estimates of $640 million.
But the fourth-quarter GAAP loss was 12 cents per share, or $81.1 million, which included a loss of seven cents from a non-operating item. That compares to a 12 cent loss a year ago, but was well under the two cent loss Wall Street had expected.
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