Groupon Is Crashing
Aug 6, 2014, 01:40 IST
Groupon shares were down as much as 14% after hours Tuesday.
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The Chicago-based daily deals firm reported sales of $751.6 million versus $762 million expected.
Earnings per share came in at $0.01, in line with expectations.
Gross profit was $389.9 million up 1.3% from the same period a year ago.
Worldwide billings increased 29%, and the firm says they're now at their highest level ever.
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More to come...