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Groupon: 2Q Earnings Snapshot

July 30, 2019

CHICAGO (AP) _ Groupon Inc. (GRPN) on Tuesday reported a loss of $40.2 million in its second quarter.

On a per-share basis, the Chicago-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, were 1 cent per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The online daily deal service posted revenue of $532.6 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $565.7 million.

In the final minutes of trading on Tuesday, the company’s shares hit $3.40. A year ago, they were trading at $4.81.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRPN at https://www.zacks.com/ap/GRPN

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