Groupon shares in pre-market trading on Thursday in online trading website reported, a smaller loss in the first quarter were better than expected, period.
Groupon Inc announced late on Wednesday a quarterly loss 1 cents per share, 2 cents per share, compared with the losses of the same period last year. Adjusted earnings or 3 cents per share, in line with the FactSet research analysts' expectations.
Revenue rose 8% to $601400000. Wall Street's revenue forecast to $591300000.
Groupon also announced that its active customers processing - who bought in the past 12 months - the number increased by 13%, to 417000, to March 31.
Financial services the Sean Milne Janney Capital Markets said in a client report, Groupon is making some progress, in the current quarter and steady growth in North America. North American revenue climbed 42% from a year earlier. , an analyst at the Chicago company to "neutral" investment rating.
Jefferies company Brian PITZ feel coupons have a solid quarter, but must focus on reverse its international operations. During this period, the international revenue fell 18% year on year.
Nevertheless, PITZ, seems to be led by international efforts to Groupon is the main market in the right direction step, Europe, Middle East and Africa, migrating to the same work platform at the end of this year.
Analysts maintain a "hold" rating, and put forward the Groupon price target from $4 to $6.
A representative of Groupon didn't immediately respond to a comment's E-mail.
Other News:
Groupon rises in premarket as 1Q loss narrows, revenue tops Wall Street's view
UK gov't agenda to focus on immigration, economy
Several commonly used imported bearings radiator
The reasons for the failure of the fan bearings and troubleshooting
Bimetal bearing
Familiar failures of NSK sliding bearings
Double row tapered roller bearings
Bangladesh garment disaster death toll nears 900