CHICAGO (AP) _ Groupon Inc. (GRPN) on Thursday reported a loss of $72.1 million in its second quarter.
The Chicago-based company said it had a loss of $2.53 per share. Losses, adjusted for one-time gains and costs, were 93 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $2.63 per share.
The online daily deal service posted revenue of $395.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $184 million.
Groupon shares have fallen 66% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.45, a decrease of 71% 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