Daily deals site Groupon (GRPN) late Friday said auditors and executives have found "material weakness" in its reporting of financial results and revised its Q4 results, lowering sales another $14.3 million and adding another 4 cents to its per-share loss. Company shares, up 3.8% to 18.38 in the regular session, were down more than 6% after hours, after it made the disclosure. In February, Groupon had reported a Q4 loss of 2 cents a share on
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Trading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in