Local-search provider Local.com Corp (LOCM.O) lowered its fourth-quarter outlook hurt by a fall in revenue from a key customer Yahoo Inc (YHOO.O) following the Yahoo-Bing integration, sending its shares down 14 percent in pre-market trade. Analysts were expecting an earnings of 20 cents a share, according to Thomson Reuters I/B/E/S. Separately, the company said it acquired privately held group-buying platform iTwango LLC for an undisclosed amount, as it looks to expand into that market. Group-buying is the purchasing of discounted or special offers from a business by a minimum number of buyers.
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