Groupon Earnings Report Disappoints Investors
by: Annie Baxter, NPR, February 9, 2012 1:02:00 am
Groupon was expected to show a profit in its first earnings report since going public last fall. Instead, the company booked a net loss of about eight cents a share last quarter. But Groupon's revenues nearly tripled compared to a year earlier. Wall Street was still disappointed that growth— especially of new customers— wasn't stronger.