E-commerce marketplace Groupon Inc. (NASDAQ: GRPN) reported a loss for the first quarter of 2020, compared to profit last year. The bottom line, however, beat the market’s prediction, driving the stock higher during Tuesday’s after-hours session.
Net loss, on an adjusted basis, was $46.2 million or $1.63 per share in the first quarter, compared to a profit of $16.7 million or $0.58 per share a year earlier. Analysts were looking for a wider loss. The unadjusted loss was $7.53 per share, wider than the $1.49 per share loss recorded in the first quarter of 2019.
The unimpressive earnings performance reflects a 35% year-over-year fall in revenue to $374.2 million. Revenues topped the Street view. The number of active customers at the end of the quarter was 41.8 million.
Shares of the company closed Tuesday’s regular trading higher and continued to gain in the after-hours session.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
