Groupon Q4 Adj. EPS $0.30 Beats $0.11 Estimate, Sales $137.72M Beat $136.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Groupon (NASDAQ:GRPN) reported Q4 adjusted earnings of $0.30 per share, surpassing the $0.11 estimate, a 178.95% increase from last year's losses. Sales reached $137.72M, slightly above the $136.70M estimate but 7.05% lower than the previous year.
March 15, 2024 | 11:17 am
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Groupon reported a significant beat on Q4 adjusted EPS and sales, indicating a strong performance and recovery from last year's losses.
Groupon's Q4 earnings significantly exceeded analyst expectations, with adjusted EPS beating estimates by 172.73% and a notable improvement from last year's losses. Sales also surpassed estimates, although they were lower than the previous year, indicating a strong but still recovering performance. This positive earnings report is likely to boost investor confidence and potentially lead to a short-term increase in GRPN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100