Groupon Earnings Q4 2015 | Wifi Walker

Groupon Earnings Q4 2015



The Groupon smartphone app is displayed on a Motorola Droid Bionic dungeon phone in Denver


Thomson Reuters


Shares of online bonus marketplace Groupon are jumping scarcely 20% after a association reported stronger than approaching earnings.

Groupon crushed estimates, stating income of $917.2 million opposite expectations for $845.9 million.

Adjusted gain per share was $0.04 opposite expectations for a breakeven quarter. 

In response a batch jumped as most as 20% in after hours trading. 

Shares were adult about 16% nearby 4:45 p.m. ET

Groupon has had a steep fall from beauty over a past few years. Since a approaching IPO in 2012 the batch had fallen 92% as of tighten Thursday.

After unchanging unsatisfactory expansion and shifting profits, a association replaced a owner and CEO in November.

“Following a stronger than approaching fourth quarter, we enter 2016 with a continued concentration on streamlining a tellurian operations, shortening a faith on low domain products in a selling business and rekindling a patron merger efforts to set a theatre for accelerated growth,” wrote CEO Rich Williams in a gain release.

Whether this is a turnaround or a brief quip stays to be seen.



Google Finance




Leave a Reply

You must be logged in to post a comment.