Earnings on Tap: Groupon
Will Groupon fail to cut a deal with investors?
Daily deals giant Groupon (GRPN) will be reporting first-quarter results after the markets close Monday, with expectations of per-share profits being $0.02.
The company announced March 31 it had revised its fourth-quarter numbers to a net loss of $65.4 million compared with a previously reported loss of $42.7 million. Earnings per share for the quarter were revised to a loss of $0.12 per share versus the $0.08 loss reported earlier. The company said its revenues were affected as a result of the need to increase customer-refund reserves, and it acknowledged "material weakness in its internal controls."
Gazala Parveen does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.