Groupon Announces Second Quarter 2015 Results
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Brean Capital Cuts Price Target on Groupon (GRPN) Following 2Q Miss
August 10, 2015 7:17 AM EDTBrean Capital maintained a Buy rating on Groupon, Inc. (NASDAQ: GRPN), and cut the price target to $8.00 (from $11.00), following 2Q results. Total sales of $738.1MM were lower than the consensus estimate of $740.3MM and compared against managements guidance of $700MM-$750MM. Adjusted EBITDA was $61.1MM,... More
Groupon (GRPN) Misses Q2 EPS by 1c; Guides Q3 EPS Below Expectations
August 7, 2015 7:31 AM EDTGroupon (NASDAQ: GRPN) reported Q2 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $738.4 million versus the consensus estimate of $740.37 million.
Gross billings, which reflect the total dollar value of customer purchases of goods and services, increased to $1.53 billion in the second quarter 2015, compared with $1.50 billion in the second quarter 2014. Gross billings grew 2%... More
