Groupon tumbles on mixed fourth quarter results

Groupon shares fell more than 10 percent in morning trading Wednesday following mixed fourth quarter results.

The company reported non-GAAP earnings of 7 cents per share on revenue of $873.2 million, compared to analyst expectations of 9 cents per share on revenue of $852.8 million.

Gross billings for the e-commerce company were down 2 percent year over year in the fourth quarter to $1.58 billion.

Shares are up roughly 20 percent in the 12-month period.

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