Groupon Q2 Sales $124.60M Beat $121.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Groupon (NASDAQ:GRPN) reported Q2 sales of $124.60 million, surpassing the analyst consensus estimate of $121.74 million by 2.35%. However, this represents a 3.49% decrease compared to the same period last year.
July 30, 2024 | 8:30 pm
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Groupon's Q2 sales of $124.60 million exceeded analyst expectations by 2.35%, but were down 3.49% year-over-year. This mixed result may lead to short-term volatility in the stock price.
While Groupon's Q2 sales beat analyst estimates, the year-over-year decline in sales may concern investors. This mixed result could lead to short-term volatility in the stock price as the market digests the news.
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