Groupon (GRPN) Tops Q3 EPS

Groupon (NASDAQ: GRPN) reported Q3 EPS of $0.15, $1.10 better than the analyst estimate of ($0.95). Revenue for the quarter came in at $304 million versus the consensus estimate of $291.18 million.

"The entire Groupon organization is focused on returning the company to growth and in the third quarter, we made notable progress," said Aaron Cooper, Interim CEO of Groupon. "We increased inventory by 50 percent in our test markets and launched several product features, all aimed at increasing Groupon's ability to drive engagement with merchants and consumers. At the same time, in the midst of the global pandemic, we drove sequential quarterly Billings growth, continued to take costs out of the business and gained operating leverage, further demonstrating the durability of our business model. These solid results are a testament to the hard work of our organization and we believe we are well positioned to take share in the trillion dollar Local market."

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

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