Groupon Inc. (GRPN) on Friday reported second-quarter net income of $109.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had net income of 16 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
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The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The online daily deal service posted revenue of $738.4 million in the period, which did not meet Street forecasts. Ten analysts surveyed by Zacks expected $753.9 million.
For the current quarter ending in October, Groupon said it expects revenue in the range of $700 million to $750 million. Analysts surveyed by Zacks had expected revenue of $766.6 million.
The company expects full-year revenue in the range of $3.15 billion to $3.3 billion.
The company's shares closed at $4.68. A year ago, they were trading at $6.17.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRPN at http://www.zacks.com/ap/GRPN
Keywords: Groupon, Earnings Report