Groupon Q3 Loss Narrows, To Buy Ticket Monster For $260 Mln

(RTTNews) - Groupon Inc. (GRPN) Thursday reported third-quarter net loss of $2.58 million or breakeven per share, compared to $2.98 million or breakeven per share last year.

Adjusted earnings for the quarter were $14.47 million or $0.02 per share. On average, 23 analysts polled by Thomson Reuters expected earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew 4.7 percent to 595.1 million from $568.6 million a year ago. Analysts estimated revenues of $615.69 million for the quarter.

For the fourth quarter, the company expects revenue of between $690 million and $740 million, and earnings excluding stock compensation and acquisition-related expenses, of between $0.00 and $0.02 per share. Analysts currently estimate earnings of $0.06 per share on revenues of $723.68 million for the quarter.

Groupon also agreed to acquire Ticket Monster, a Korean ecommerce company, for $260 million, including at least $100 million in cash, and up to $160 million in Groupon Class A common stock, with the final cash and stock allocation to be determined upon close.