July 13

Groupon profits rise as revenues beat forecasts

first_img Groupon profits rise as revenues beat forecasts Thursday 30 October 2014 8:38 pm Tags: NULL whatsapp Deals company Groupon yesterday announced that it had beat estimates on its third-quarter earnings, reporting a profit of three cents a share on $757.1m (£473m) in revenue for the period ended 30 September. Wall Street had expected earnings of one cent a share on $749m in sales. The news represents a rebound for Groupon, which missed analysts’ revenue estimates last quarter.Groupon was forced to cut its forecasts for the fourth quarter, however. The company predicts revenue between $875m and $925m and earnings before interest, taxes, depreci­ation, and amortisation (Ebitda) between $80m and $100m during the current quarter. Analysts were expecting fourth-quarter revenue of around $928m and adjusted Ebitda at $111m. The company’s latest results follow three straight quarters in which Groupon has lowered quarterly or annual guidance. After Groupon’s second-quarter earnings, the stock dropped more than 15 per cent on news that it had lowered its outlook for 2014 Ebitda, a key measure of a company’s actual financial performance.Groupon has been trying to reach consumers and is turning to places outside of the email inbox to do so. Consumers are inundated with spam and promotional emails that draw attention away from Groupon’s messages, and now the company is creating Yelp-like business pages for companies in the hope that consumers will find deals there. Joseph Millis Share Show Comments ▼ Read This NextTig Notaro Never Looks Right in ‘Army of the Dead’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe WrapRalph Macchio on the Secret to Making Badass ’80s Fight Scenes in 2021The Wrap’iCarly’: Nathan Kress on Preserving Integrity of Original Show, PromisesThe WrapHappy Juneteenth: 10 Movies to Stream That Celebrate Black JoyThe WrapHow Renee Elise Goldsberry Embraced Her Inner Diva for ‘Girls5Eva’The Wrap’The Hitman’s Bodyguard’s Wife’ Takes No. 1 at Box Office From ‘Quiet PlaceThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe Wrap whatsapplast_img

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Posted July 13, 2021 by admin in category "cwscjeuyw

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