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Groupon Discloses Dim Forecast

  • Bloomberg, Friday, February 21, 2014 2:09 PM
Groupon’s first-quarter profits will fail to meet analyst expectations, the ecommerce giant revealed this week. Among other issues, “two acquisitions last month will hurt profit by $20 million this quarter,” Bloomberg reports, citing company comments. “That impact, plus $25 million in additional expenses for marketing and growth initiatives, will lead to adjusted earnings before interest, taxes, depreciation and amortization of $20 million to $40 million.” Analysts had estimated $96 million, according to Bloomberg.

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