CHICAGO (AP) 鈥� CHICAGO (AP) 鈥� Groupon Inc. (GRPN) on Thursday reported a loss of $12.9 million in its first quarter.
On a per-share basis, the Chicago-based company said it had a loss of 32 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The online daily deal service posted revenue of $117.2 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $117.3 million.
For the current quarter ending in June, Groupon said it expects revenue in the range of $125 million to $128 million.
The company expects full-year revenue in the range of $513 million to $523 million.
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