Groupon Shares Volatile After Earnings Beat, Weak Outlook

Groupon Inc. shares were volatile in the extended session after the online-deals company topped quarterly expectations and issued a somewhat weak outlook. Groupon shares rose 2% to $7.61 on heavy volume at last check, after falling as much as 8% right after the report. The company reported adjusted fourth-quarter earnings of 6 cents a share on revenue of $925.4 million. Analysts surveyed by FactSet had estimated 3 cents a share on revenue of $908.6 million. For the first quarter, Groupon said it expects break-even to 2-cents-a-share earnings on revenue of $790 million and $840 million. Analysts expect 2 cents a share on revenue of $856.5 million.