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Groupon Just Turned Ten Years Old and Beat Earnings Estimates, Analysts Review and Target

NEW YORK, NY / ACCESSWIRE / November 19, 2018 / Traders News Source, a leading independent equity research, and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Groupon, Inc. (GRPN), a company that operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally.

On November 7th, Groupon reported mixed third-quarter results as the company missed estimates on revenue, but it beat estimates for net profit. The firm's ongoing restructuring which includes less focus on the traditional voucher business is progressing a bit more slowly than expected. A decline in revenue from fewer vouchers was only partially offset by the faster growing card-linked offers made available through Groupon+ and online bookings of local events and services.

The new GRPN model, analysts review and price target in this full report READ MORE

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The company is transitioning away from coupons and vouchers via the company's new card-linked products. Whereas users traditionally would print out a Groupon voucher and present it to a restaurant if they wished to receive a discounted meal, newer card-linked Groupon+ offers to allow people to register their credit cards in Groupon's system and get automatic discounts by using those cards at establishments where they've unlocked Groupon deals.

Recent financial data and company events in this full report READ MORE

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SOURCE: Traders News Source