Groupon Is Crashing

Groupon shares were down as much as 15% after hours Tuesday.

The Chicago-based daily deals firm reported sales of $US751.6 million versus $US762 million expected.

Earnings per share came in at $US0.01, in line with expectations.

Gross profit was $US389.9 million up 1.3% from the same period a year ago.

Worldwide billings increased 29%, and the firm says they’re now at their highest level ever.

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