Record Breaking Mobile Performance for Groupon. (article post )
Wall Street Cheat Sheet 5/9/13
Groupon Inc (NASDAQ:GRPN) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Groupon Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.03 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Quoting Management: “We are encouraged by our results, as our local revenues accelerated and our margins improved over the prior quarter,” said Eric Lefkofsky, Chairman and co-CEO of Groupon. “We had record mobile performance as 45% of our North American transactions came from mobile in March, and more than 7 million people downloaded our apps in the quarter.”