Groupon Inc. (GRPN) on Wednesday reported third-quarter net income of $59,000, after reporting a loss in the same period a year earlier.
The Chicago-based company said it had profit of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, were 1 cent per share.
The results matched Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.
The online daily deal service posted revenue of $634.5 million in the period, which did not meet Wall Street forecasts. Eight analysts surveyed by Zacks expected $644.7 million.
The company's shares closed at $4.77. A year ago, they were trading at $3.99.
--The Associated Press