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Groupon: 1Q Earnings Snapshot

Groupon: 1Q Earnings Snapshot

Associated Press

CHICAGO (AP) _ Groupon Inc. (GRPN) on Tuesday reported a loss of $42.5 million in its first quarter.

The Chicago-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The online daily deal service posted revenue of $578.4 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $552.4 million.

In the final minutes of trading on Tuesday, the company's shares hit $3.54. A year ago, they were trading at $4.64.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRPN at https://www.zacks.com/ap/GRPN