Groupon Q1 Results Top Estimates; Guides Q2 EPS Below Consensus

(RTTNews) - Groupon, Inc. (GRPN) reported a net loss for the first quarter of $37.8 million or $0.06 per share, compared to a net loss of $4.0 million or $0.01 per share for the year-ago quarter.

Excluding items, adjusted loss for the latest quarter was $0.01 per share.

Revenue for the first quarter rose 26% to $757.64 million from $601.40 million a year earlier. North America revenue increased 27%, EMEA increased 26% and Rest of World increased 23%.

Analysts polled by Thomson Reuters expected the company to post a loss of $0.03 per share on revenue of $738.40 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, Groupon expects revenue of between $725 million and $775 million and adjusted earnings per share between $0.00 and $0.02. Analysts currently expect the company to earn $0.03 per share on revenue of $754.37 million for the second quarter.