Groupon Stock Price History
The results? Quarterly revenue fell by $14.3 million and net income slipped $22.6 million, or 4 cents a share.
Groupon already turned off investors this year when a dismal earnings report - the first since the company went public - came in below expectations. The latest misstep cost the company yet again.
Groupon shares ended the day at $15.27 a share, down 26% for the year and 24% below its IPO price of $20.
Perhaps Money Morning Chief Investment Strategist Keith Fitz-Gerald said it best: "This company is a train wreck."