Groupon posted better than expected sales and a narrower adjusted loss in the first quarter than Wall Street analysts expected, but an underwhelming forecast for the current quarter sent shares down more than four percent in after-hours trading.

For the current quarter, the company forecast earnings per share, excluding some items, of zero to two cents while analysts on average expecting adjusted EPS of three cents a share. The midpoint of the company’s revenue forecast for Q2 was $750 million, which also came in below expectations of $754 million. This is the second time in as many quarters that a soft forecast has thrown a pall over a previous-quarter beat.

The disappointing projection seems to have overshadowed a better-than-expected first quarter. Groupon lost one cent a share, excluding some items, on $758 million in revenue, surpassing expectations of an adjusted loss of three cents per share on $738 million in revenue.

I’ll be talking to CEO Eric Lefkofsky shortly and will update this post afterward.




Follow

Get every new post delivered to your Inbox.

Join 326,033 other followers