CHICAGO (AP) _ Groupon Inc. (GRPN) on Thursday reported first-quarter net income of $14.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, were 25 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The online daily deal service posted revenue of $263.8 million in the period.

Groupon expects full-year revenue in the range of $950 million to $990 million.

Groupon shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.94, more than doubling 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

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