$GRPN Misses Estimates and Puts Out Few Pink Slips

“Groupon shares crashed another 16% after earnings, to a new all-time low of $3.25 a share.

Why?

Because the company blew another quarter.

Revenue of $569 million came in below expectations of $590 million.

EPS of $0.00 missed estimates of $0.03 cents.

And Groupon’s guidance was disappointing.

The company actually blames Europe:”

Full report

Layoffs at $GRPN

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