Groupon Reports Lower Revenue In Q4

By brann038 on April 1, 2012 7:34 PM | No Comments | No TrackBacks

Revised financial results for Groupon Inc. released on Friday showed a $14.3 million decrease in revenue.

After the reassessment Groupon's quarterly revenue lowered by $14.3 billion, or about 4 cents per share, reported the Associated Press.

Groupon Inc. told the Chicago Tribune that it did not set aside enough money for customer refunds, causing the decrease in revenue.

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