GRPN - Why Groupon Stock Exploded Higher Today
2024-05-10 12:24:16 ET
Groupon (NASDAQ: GRPN) -- remember Groupon? It's apparently still a thing -- reported earnings last night, and investors are cheering the results. Shares of the online coupon site soared 22.2% through 10:20 a.m. ET Friday after the company missed on earnings, but beat on sales.
The question is why.
Heading into the Q1 2024 report, analysts forecast Groupon would earn $0.05 per share on sales of $121.6 million. As it turned out, sales were better than expected at $123.1 million. Unfortunately, instead of earning a profit, Groupon lost $0.33 per share.
For further details see:
Why Groupon Stock Exploded Higher Today