Groupon publishes quarterly data better than expected
Aggregator Groupon coupon offers today presented a quarterly report, which was slightly above market expectations amid intensification of management efforts. Note that the last quarter was the first for Groupon, which the company is fully finished with a new CEO Eric Lefkovski. During the reporting quarter, sales of Groupon rose 4.7% to U.S. $ 595.1 million, while net loss decreased to $ 2.58 million. Analysts on Wall Street had expected from Groupon 618 million dollars in revenue and $ 14 million net loss. Recall that formally the position of CEO of Groupon Eric Lefkovski was appointed on August 7, and before that for several months he served as CEO for the reconciliation. Lefkovski is also the co-founder and one of the first investors Groupon. The new CEO says he intends to position Groupon as a service that offers a huge number of single discounts, moving away from the classical principle of coupon services. According to him, the new model is more justified, since the work of the traditional canons kuponatorov already leaving. Following the publication of the quarterly data Groupon shares fell in price by 12.5% to 9.50 dollars. Total since its IPO in 2011 paper Groupon declined in value by more than half. During the current quarter, a promotional service expects revenues of 690-740 million dollars, and operating income of 40-60 million dollars. Independent analysts expect Groupon revenue 723.7 million dollars, operating income of 46.1 million dollars.
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