Groupon Stock Falls 15% After Missing Q2 Revenue Estimates

Groupon's stock plunged by more than 15% in after hours trading Tuesday following a disappointing earnings report

The online deals service reported earnings per share of $0.01 on revenue of $751.6 million for the June quarter. While earnings were roughly in line with Wall Street estimates, revenue came in below the $761 million that analyst surveyed by Thomson Reuters had expected.

See also: Groupon CEO: 'Our Best Days Are By Far Ahead of Us'

The company's projections for earnings and revenue in the upcoming quarter also came in below many analysts estimates. Groupon also lowered its full year forecast: It previous projected more than $300 million in adjusted earnings before interest, taxes, depreciation and amortization. Now, it projects more than $270 million Read more...

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