Instant view: Groupon stays in the red, Cisco hikes dividend
(Reuters) - Groupon Inc posted a quarterly loss, defying Wall Street's hopes that the fledgling daily deals company had eked out a profit in the final three months of 2011. Its shares tanked.
Cisco Systems Inc, which also reported on Wednesday, beat expectations on both earnings and revenue, spurring a surprise dividend increase.
KEN SENA, ANALYST, EVERCORE PARTNERS
"Billings were lighter than expected. There was a lot of anticipation.
"North American revenues came in light versus the whisper number.
"There was a large run up (in the stock), so there's some profit-taking here."
SAMEET SINHA, ANALYST, B. RILEY & COMPANY Continued...