Why Groupon, Inc. Stock Jumped on Wednesday
Shares of coupon company Groupon (NASDAQ: GRPN) jumped as much as 10.3% on Wednesday, following the company's second-quarter earnings release. The stock is up 8.5% at the time of this writing.
For its second quarter, Groupon reported revenue and adjusted earnings per share of $662.6 million and $0.02, respectively. The consensus analyst estimate for revenue and adjusted earnings per share (EPS) was $670 million and breakeven, respectively. Groupon's higher-than-expected profitability may be a key reason for Groupon stock's rise on Wednesday.
Image source: Getty Images.
Source: Fool.com
Groupon Inc. A Stock
€1.22
-11.490%
Our community is currently high on Groupon Inc. A with 5 Buy predictions and 3 Sell predictions.
With a target price of 20 € there is potential for a 1532.92% increase which would mean more than doubling the current price of 1.22 € for Groupon Inc. A.
