Groupon, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Groupon, Inc.

GRPN 20.13

+2.6%

Oct 31 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn Petersen who wrote (477)	8/6/2020 8:26:22 PM
From: Glenn Petersen	Read Replies (1) of 480

Groupon stock spikes 30% as financial results top Street view Published: Aug. 6, 2020 at 5:36 p.m. ET By Wallace Witkowski MarketWatch Groupon Inc. GRPN, -0.54% shares soared in the extended session Thursday after the online-coupon company beat Wall Street estimates by a wide margin in the second quarter. Groupon shares rallied 30% after hours, following a 0.5% decline in the regular session to close at $16.45. The company reported a second-quarter loss of $72.1 million, or $2.53 a share, compared with $40.2 million, or $1.42 a share, in the year-ago period. Excluding such items as stock-based compensation, the adjusted loss was 93 cents a share. Revenue declined to $395.6 million from $532.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $2.75 a share on revenue of $183.3 million. Groupon said it would start on a second round of layoffs in August to reduce expenses but did not provide a specific headcount for the phase. Back in April, Groupon said it was cutting or furloughing about 44% of its total workforce by July 2021. marketwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next