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.
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