CORRECTION: Groupon Q2 Adj $(0.02) Misses $0.02 Estimate, Sales $124.61M Beat $121.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Groupon (NASDAQ:GRPN) reported Q2 losses of $(0.02) per share, missing the analyst estimate of $0.03. However, sales of $124.61M beat the $121.66M estimate. Losses improved by 80% year-over-year, but sales decreased by 3.48%.
July 31, 2024 | 12:43 pm
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Groupon reported Q2 losses of $(0.02) per share, missing the analyst estimate of $0.03. Sales of $124.61M beat the $121.66M estimate. Losses improved by 80% year-over-year, but sales decreased by 3.48%.
The mixed results, with a significant EPS miss but a slight sales beat, create a neutral short-term outlook. The improvement in losses is positive, but the decline in sales is a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100