Groupon, Inc. (NASDAQ:GRPN) management will conduct a conference call for 7th August 2020 at 10:00 AM Eastern Time to discuss financial results and companys performance for 2Q20.
The company announced the financial results for the quarter on Thursday 6th August 2020
The conference call will also be available live on the website www.groupon.com
Quarterly Results
Groupon, Inc. posted loss for the second quarter of $ 0.93 per share, from the revenue of $ 395.65 million. The quarterly revenues reduced 25.71 percent compared with the same quarter last year. Wall street analysts are predicting, GRPN to report 2Q20 loss of $ 2.75 per share from revenue of $ 200.53 million. The bottom line results beat street analysts by $ 1.82 or 66.18 percent, at the same time, top line results outshined analysts by $ 195.12 million or 97.30 percent.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.
