Groupon Results Top Estimate; Q4 Outlook Weak - Quick Facts

(RTTNews) - Groupon Inc (GRPN) Thursday reported third-quarter net loss of $21.2 million or $0.03 per share, compared with a loss of $2.6 million or $0.00 per share last year.

Excluding items, adjusted earnings for the quarter were $0.03 per share. On average, 22 analysts polled by Thomson Reuters estimated earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up 27.2 percent at $757 million, compared with $595 million in the prior year.

Twenty-three analysts had a consensus revenue estimate of $748.8 million for the quarter.

For the fourth quarter, Groupon expects adjusted earnings of $0.02 to $0.04 per share on revenues of $875 million to $925 million.

Analysts expect earnings of $0.07 per share on revenues of $926.3 million.