Securities operator coupon sites Groupon at auction in New York on Monday suffered a significant price losses after the company announced quarterly results well below expectations amid a substantial drawdown sales in the European market, where consumer activity on the background of the debt crisis reduced.
According to Groupon, in the second quarter, its sales rose 45% to 568.3 million dollars, against 575.3 million dollars expected by analysts. The operating profit of 8 cents per share, however, this figure is also included 4 cents per diluted share, from the ownership of Groupon business in China. Analysts expected a profit of Groupon at 3 cents per share.
