Groupon Posts ‘Encouraging’ Q3, May Sell Ticket Unit

By | October 31, 2014

Scalper1 News

Groupon (GRPN) stock surged Friday to a six-month high after the online daily deal marketplace reported Q3 earnings late Thursday that beat Wall Street expectations and the company indicated a sale of its Ticket Monster subsidiary might go ahead. Groupon said its Q3 revenue rose 27% to $757.1 million, above the $749 million that Wall Street had forecast. The Chicago-based company posted EPS ex items of 3 cents, up from 1 cent in the year-earlier Scalper1 News

Scalper1 News