UPDATED 18:20 PM EST, November 8, 2012
NEW YORK (AP) — Groupon, the No. 1 online deals service, says it had a small loss in the third quarter as higher revenue failed to make up for stock compensation and other expenses.
Groupon Inc. said Thursday that its net loss was $3 million, or a breakeven per share, in the July-September period. A year ago it lost $54.2 million, or 18 cents per share.
Revenue grew 32 percent to $569 million, below Wall Street's expectations of $591 million as surveyed by FactSet.
