Saturday, March 31, 2012

Groupon?s Profit In 2011 Was Actually $22.6 Million Less Than They Previously Said

groupon_logoDaily deals site Groupon today issued a pretty significant revision of the financial results it previously reported for the fourth quarter and the full year of 2011. According to the company, it actually made $14.3 million less in revenue during the fourth quarter of 2011 than it previously reported -- $492.2 million, compared to the previously stated $506.5 million. It also spent more in operating expenses than it previously said it did -- resulting in its Q4 operating income and net income being $30 million and $22.6 million less, respectively, than the company initially said it was.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/q4enBVADVYE/

faroe islands corso james arthur ray james arthur ray elisabeth shue avastin avastin

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.