Groupon Inc. (GRPN) reported first quarter adjusted EPS of $0.03 after the bell Wednesday, which matched the consensus estimate. Revenues grew 7.5 percent to $601.4 million from $559.3 million last year. Analysts estimated revenues of $588.92 million. Groupon expects second quarter revenues of $575 million to $625 million. Analysts currently estimate revenues of $616.14 million. The stock is now up 0.81 on 3 million shares.
Groupon posted gains around midday Wednesday and finished higher by 0.20 at $5.59. The stock rebounded off of support, following a week and a half long decline.
For comments and feedback: editorial@rttnews.com