Groupon Q3 Adj EPS $(0.12) Misses $0.11 Estimate
Portfolio Pulse from Benzinga Newsdesk
Groupon reported Q3 adjusted losses of $0.12 per share, missing the analyst consensus estimate of $0.11 by 209.09%. This is an increase of 82.35% over losses from the same period last year. The company also reported quarterly sales of $126.47 million, missing the analyst consensus estimate of $129.64 million by 2.44%, a decrease of 12.41% over sales from the same period last year.
November 09, 2023 | 9:15 pm
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Groupon's Q3 results missed analyst estimates, with adjusted losses increasing by 82.35% YoY and sales decreasing by 12.41% YoY.
Groupon's Q3 results missed analyst estimates, which is typically a negative signal for the stock. The company reported an increase in losses and a decrease in sales compared to the same period last year, which could negatively impact investor sentiment and the stock price in the short term.
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