Why Groupon Stock Exploded Higher This Week
Since last Friday, shares of the e-commerce company (NASDAQ: GRPN) have blasted 37% higher as of 2:42 p.m. ET Thursday. The company reported better-than-expected earnings and showed meaningful progress in its turnaround plan.
Groupon reported a fourth-quarter net loss per share of $1.20 on total revenue of $130.4 million, which beat analyst estimates. The company also reported adjusted earnings of $18.7 million, which came in $800,000 higher than estimates.
In a statement with the earnings report, CEO Dusan Senkypl said:
Source Fool.com
