Groupon (GRPN) Tops Q1 EPS by 28c

(Updated - June 16, 2020 4:17 PM EDT)

Groupon (NASDAQ: GRPN) reported Q1 EPS of ($1.63), $0.28 better than the analyst estimate of ($1.91). Revenue for the quarter came in at $374.2 million versus the consensus estimate of $369.14 million.

"COVID-19 has had a major impact on our business and we have moved quickly to position Groupon to weather the pandemic and to help our merchants face these unprecedented challenges," said Aaron Cooper, Interim CEO of Groupon. "At the same time, during the first half of 2020, we created a more agile organization that is focused on improving the long-term health of our marketplace. Notwithstanding the challenges created by the macroeconomic landscape, we continue to believe we have distinct competitive advantages that will allow us to take share in the highly fragmented, $1 trillion-plus local experiences market."

For earnings history and earnings-related data on Groupon (GRPN) click here.

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