Why Groupon Stock Exploded Higher Today
Groupon (NASDAQ: GRPN) -- remember Groupon? It's apparently still a thing -- reported earnings last night, and investors are cheering the results. Shares of the online coupon site soared 22.2% through 10:20 a.m. ET Friday after the company missed on earnings, but beat on sales.
The question is why.
Heading into the Q1 2024 report, analysts forecast Groupon would earn $0.05 per share on sales of $121.6 million. As it turned out, sales were better than expected at $123.1 million. Unfortunately, instead of earning a profit, Groupon lost $0.33 per share.
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.
