Groupon posts 4Q profit, results top Wall Street estimates

MarketsAssociated Press

Groupon Inc. (GRPN) on Thursday reported fourth-quarter net income of $8.8 million, after reporting a loss in the same period a year earlier.

The Chicago-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The online daily deal service posted revenue of $925.4 million in the period, also surpassing Street forecasts. Analysts expected $904.6 million, according to Zacks.

For the year, the company reported that its loss narrowed to $73.1 million, or 11 cents per share. Revenue was reported as $3.19 billion.

Groupon shares have decreased roughly 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.46, a drop of 28 percent in the last 12 months.

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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

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Keywords: Groupon, Earnings Report