Originally published at www.seclive.com
Filing in Focus: Groupon 8-K, February 20, 2014
Groupon, Inc. (NASDAQ:GRPN) announced its financial results for the fourth quarter and full fiscal year 2013, exceeding expectations on revenue and earnings. The group-based discount provider continues to see substantial growth in its mobile business, with nearly 50% of the transactions completed worldwide were via mobile devices. Quarterly revenue of $768.4M handily beat analyst expectations of $718.0M while adjusted earnings per share were $0.04, beating the $0.02 per share analyst estimates. CEO Eric Lefkofsky commented that the company's performance was strong, particularly in the Goods business segment as holiday shoppers increasingly turned to Groupon. Groupon's mobile app was downloaded nine million times during the quarter to a total 70 million downloads. The company is projecting revenue to $25M to $75M higher than analyst projections but anticipates a net loss between $0.02 and $0.04 per share.
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