Shares Drop After Results, Outlook Disappoint

Shares of Inc. dropped in the extended session Monday after the digital coupon company's quarterly results and outlook fell below Wall Street estimates. plunged 30% to $10.20 on moderate volume. The company reported a fourth-quarter loss of 2 cents a share on revenue of $60 million. Analysts surveyed by FactSet estimated earnings of 4 cents a share on revenue of $63.4 million. For the coming year, forecast revenue of $275 million to $290 million. Analysts had estimated $295.9 million.

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