CHICAGO (AP) — CHICAGO (AP) — Groupon Inc. (GRPN) on Thursday reported a loss of $118.4 million in its third quarter.
On a per-share basis, the Chicago-based company said it had a loss of $2.92.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The online daily deal service posted revenue of $122.8 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $121.9 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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