Instant view: Groupon stays in the red, Cisco hikes dividend

Wed Feb 8, 2012 4:39pm EST
 
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(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.

Commentary:

GROUPON INC:

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...