CHICAGO (AP) — CHICAGO (AP) — Groupon Inc. (GRPN) on Tuesday reported a loss of $50.6 million in its fourth quarter.
The Chicago-based company said it had a loss of $1.20 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The online daily deal service posted revenue of $130.4 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $128.9 million.
For the year, the company reported a loss of $59 million, or $1.51 per share. Revenue was reported as $492.6 million.
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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
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