Groupon Inc. shares sank 4.8% in Wednesday premarket trading after the company reported a fourth-quarter earnings miss. Net income totaled $47.7 million, or 8 cents per share, compared with a loss of $52.6 million or 9 cents per share, year-over-year. Adjusted EPS was 7 cents. Revenue totaled $873.2 million, down from $904.9 million last year. The FactSet consensus was for EPS of 9 cents and sales of $853.0 million. North America added 200,000 new active customers, bringing the total to 32.7 million as of Dec. 31, 2017. Active customers have made at least one purchase through one or more marketplaces or with a merchant in the last 12 months. International active customers also rose 200,000 to 16.8 million. For the full year Groupon expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between $260 million and $270 million. FactSet consensus is $277 million. Groupon shares are up 37.6% for the last 12 months while the S&P 500 index is up 14% for the period.
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