Groupon Inc (GRPN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Groupon Inc (GRPN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.02. The company posted revenue of $732.00 million in the period, compared to analysts expectations of $719.26 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Groupon Inc. UBS Downgraded Groupon Inc on Mar 9, 2016 to ” Sell”, Price Target of the shares are set at $3.20.Wedbush Initiated Groupon Inc on Feb 23, 2016 to “Neutral”, Price Target of the shares are set at $4.

Groupon Inc (GRPN) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $4.64 and reached the intraday high at $4.7. The bulls started the profit booking and pushed the shares to intraday low of $4.43. The trading session was marked by a volume range of 1,36,04,707 shares exchanging hands. The 52-week high of the shares is $7.19 and the 52-week low is $2.15. The market cap of the company stands at $2,706 M and there are 58,68,90,420 shares in public circulation.

In a different news, on Jul 9, 2015, Bradley A Keywell (director) sold 500,000 shares at $4.83 per share price. According to the SEC, on Jun 24, 2015, Brian Stevens (Chief Accounting Officer) sold 9,406 shares at $5.43 per share price. On May 13, 2015, Sri Viswanath (Chief Technology Officer) sold 35,646 shares at $6.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Groupon Inc. operates online local commerce marketplaces world over that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America which represents the United States and Canada; EMEA which consists of Europe the Middle East and Africa and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local) Groupon Goods (Goods) and Groupon Getaways (Travel). The Company’s Local category includes deals with local merchants national merchants and local events. The Company’s Goods transactions in North America are primarily direct revenue deals. Through its Getaways category the Company features travel offers at both discounted and market rates including hotels airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites mobile applications and search engines.

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