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 (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.