-=Groupon (GRPN) reported earnings on Wed 1 Nov 2017 (b/o)

• Oct 31:  #37; vol. 16.9 M   +6%

Groupon beats by $0.01, misses on revs; Raises FY17 profit and EBITDA guidance 

• Reports Q3 (Sep) earnings of $0.01 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of ($0.00); revenues fell 7.6% year/year to $634.46 mln vs the $642.62 mln Capital IQ Consensus.
• Gross billings were $1.34 billion in the third quarter 2017, up 1% (flat FX-neutral) from $1.32 billion in the third quarter 2016. Gross billings reflect the total dollar value of customer purchases of goods and services.
• Outlook
  • For the full year 2017, Groupon is raising its expected gross profit guidance range to $1.305 billion to $1.355 billion (Prior 1.30-1.35 bln).
  • Groupon is raising its expected Adjusted EBITDA guidance range to $225 million to $245 million in 2017 (Prior $215-240 mln).