Groupon Earnings Top Forecast; Shares Jump
Grouponreported quarterly earnings and revenue that beat Wall Street's expectations on Monday, sending its shares higher in extended-hours trading.
After the earnings announcement, the daily deal site's shares rose in trading after the closing bell. (Click here to get the latest after-hours quotes for Groupon.)
The company posted first-quarter earnings excluding items of 2 cents per share. Revenue was $559 million.
Analysts had expected the company to report earnings excluding items of a penny a share on $531 million in revenue, according to a consensus estimate from Thomson Reuters.