NewzCHICAGO (AP) — CHICAGO (AP) — Groupon Inc. (GRPN) on Thursday reported a loss of $1.8 million in its second quarter. On a per-share basis, the Chicago-based company said it had a loss of 4 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. The online daily deal service posted revenue of $124.7 million in the period, which missed Street forecasts.
Three analysts surveyed by Zacks expected $127.4 million. For the current quarter ending in September, Groupon said it expects revenue in the range of $128 million to $130 million. The company expects full-year revenue in the range of $513 million to $523 million.
_____ 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 Source (NEWT) on Thursday reported second-quarter earnings of $13.5 million.
The Boca Raton, Florida-based company said it had net income of 47 cents per share. The results exceeded Wall Street expectations. The provider of financial and business services to small-and medium-sized business posted revenue of $106.4 million in the period.
Its adjusted revenue was $75.1 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $75 million. Access a Zacks stock report on NEWT at https://www.zacks.com/ap/NEWT Source
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