Groupon issues mixed results and light EPS guidance; shares fall


Groupon (GRPN): Q3 EPS of $0.02 beats by $0.01.

Revenue of $595.1M (+5% Y/Y) misses by $20.6M.

Expects Q4 revenue of $690M-$740M vs. a $723.7M consensus. Expects Q4 EPS of $0.00-$0.02, below a $0.06 consensus.

Company acquiring South Korean deals provider Ticket Monster from LivingSocial for $260M in cash and stock.

Shares -7.7% AH. (PR)

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Comments (3)
  • Bill Maurer
    , contributor
    Comments (6692) | Send Message
     
    The press release says at least $100 million in cash, and up to $160 million in stock. Why do a deal with equity when you have a buyback program going and more than a billion in cash?

     

    Revenues miss tremendously, guidance weak again, and the company bought back stock more than $3 above where we are now. This is pathetic.
    7 Nov 2013, 04:24 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    GRPN needs to keep buying its own stock, probably to maintain its stock price as it pays its employees in stock and they often sell it just as quickly as they are granted any shares.
    7 Nov 2013, 05:15 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    Stock compensation accounts for 2 cents a share.
    7 Nov 2013, 06:02 PM Reply Like
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