Investors seem to think Groupon grpn is a steal after the online marketplace reported second quarter revenue that beat Wall Street’s expectations and bumped up its full year guidance--sending shares of the stalled company up 28% Thursday. On Wednesday, Groupon reported a loss of $54.9 million, or 10 cents a share, on revenue of $756 million, which rose 2.4% from a year earlier. Analysts had anticipated a loss of 2 cents per share on revenue of $711.2 million. Groupon also announced revenue for fiscal year 2016 to clock in at $3 billion to $3.1 billion on $140 million to $165 million in adujsted earnings before interest, tax, depreciation, and amortization. The company previously projected full year revenue of $2.75 billion to $3.05 billion on $85 million to $135 million in adjusted Ebitda. "We continued to see strong traction in customer acquisition as we added more than 1 million new customers--the most in more than two years," said CEO Rich Williams in a statement. Those results come as the struggling company embarks on a costly turnaround plan to take on competitors such as Amazon amzn , Facebook fb , and more. The company has already exited 19 markets across the world to focus on North America, laid off works, and increased marketing. brightcove.createExperiences(); Perhaps owing in part to those changes, Groupon finally reported strong sales in the previous quarter after several years of woes . But the one-time unicorn is
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