Why Groupon Stock Soared 47% After Earnings
Shares of online coupons site Groupon (NASDAQ: GRPN) are on a tear this morning, up a solid 47.9% as of 10:40 a.m. EDT after reporting a less-bad-than-expected second quarter of 2020 last night.
Analysts had predicted Groupon would lose $2.75 per share in its second quarter and do sales of barely $200 million in total. In fact, Groupon lost only $0.93 per share and did $395.6 million in sales -- nearly twice what analysts had predicted.
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Source Fool.com
