Arab Today, arab today groupon narrows loss stock price surges
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Groupon narrows loss, stock price surges

Arab Today, arab today

Arab Today, arab today Groupon narrows loss, stock price surges

Chicago - AFP

Groupon, the online coupon giant, Monday reported a loss in the first quarter of $11.7 million, but markets welcomed news of sharp increase in revenues. The Chicago-based firm which offers discounts for a variety of goods and services said revenue increased 89 percent from the same period a year ago to $559.3 million and gross amounts collected from customers jumped 103 percent to $1.35 billion. \"We are pleased to report a record quarter that demonstrates our progress in unlocking the opportunity in local commerce for merchants and customers worldwide,\" said Andrew Mason, chief executive. Shares in Groupon surged more than 12 percent in after-hours trade on the news. Excluding special items and required accounting provisions, the company showed a profit amounting to two cents a share. Earlier this year, Groupon saw its stock price sink as word spread that it overstated its quarterly earnings, a move reportedly being scrutinized by US regulators. Groupon said in prior quarters it had underestimated operational costs and money needed to pay refunds for more expensive deals, which buyers are more likely to return. Groupon made its stock market debut at $20 per share in November and peaked above $31 dollars a share. Groupon in February issued its first earnings report as a publicly traded company, saying it failed to turn a profit despite revenue nearly tripling from a year earlier. Groupon shares were listed on the Nasdaq on November 4 in a blockbuster public offering that raised a whopping $700 million and triggered fears that investors may be foolishly overvaluing hot Internet startups. Groupon, which rejected a $6 billion takeover offer from Google a year ago, has enjoyed phenomenal growth since its founding in 2008 but has been dogged by questions about its business model and accounting methods.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today groupon narrows loss stock price surges Arab Today, arab today groupon narrows loss stock price surges

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today groupon narrows loss stock price surges Arab Today, arab today groupon narrows loss stock price surges

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday