CHICAGO (AP) _ Groupon Inc. (GRPN) on Tuesday reported a loss of $213.5 million in its first quarter.
The Chicago-based company said it had a loss of $7.53 per share. Losses, adjusted for one-time gains and costs, were $1.63 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.01 per share.
The online daily deal service posted revenue of $374.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $377.6 million.
Groupon shares have declined 43% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.23, a decrease of 62% in the last 12 months.
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
Automated Insights, source Associated Press News