Market News Latest shares get clipped by 30%

Wall Street clipped nearly 30% off of shares of in pre-market trading after the digital coupon player posted a quarterly loss and downgraded its sales outlook for 2015. About 75  minutes before the opening bell, stock was down $4.61, or 31.8%, to $9.90. It closed last night at $14.51.XXX CLIPPING COUPONS.JPG

The company, which said it was hurt by a dip in holiday promotions, suffered an earnings loss, with fourth-quarter earnings per share down 2 cents, below the 4-cent profit expected. The company posted revenue of $60 million, shy of the $63.4 million estimate.

But the real downer — and what killed the stock — was the lowered guidance for 2015. The company said it expects revenue of $275 million to $290 million for the full year, which was below the $295.9 million Wall Street had forecast.

“We are very pleased with our performance for the year, although the fourth quarter was slightly impacted by promotions revenue when a few large (customers) did not repeat December holiday campaigns they ran in 2013,” Mir Aamir, CFO and COO of said in a press release.