Share “Groupon tumbles after weak 1Q revenue outlook”

Groupon tumbles after weak 1Q revenue outlook

Published on NewsOK Modified: February 27, 2013 at 5:04 pm •  Published: February 27, 2013

"Record billings growth this quarter is a clear signal that customers love Groupons," said CEO Andrew Mason in a statement. "We will continue to invest in growth through 2013 as we see new opportunities to give our customers what they want."

For the current quarter, Groupon is expecting revenue of $560 million and $610 million, which translates to a range of flat to 9 percent higher than in the first quarter of 2012. Analysts are expecting higher revenue of $646.8 million.

Groupon's stock fell $1.46 to $4.52 in after-hours trading. Earlier, the stock had closed up 43 cents at $5.98 prior to the release of the earnings report.