Groupon earnings: Loss of 1 cent a share, vs. an expected loss of 3 cents a share

Analysts had expected the company to report an adjusted loss of 3 cents a share on $738 million in revenue, according to a consensus estimate from Thomson Reuters. This is a breaking news article. Earlier this month, the site announced Groupon Basics, a bulk-order category that it hopes will appeal to shoppers who favor Costco and Sam's Club.