Groupon skyrockets 36% after earnings report beats Wall Street expectations (GRPN) | Markets Insider

He continued:"In the past four months, we have created significant operating leverage by taking substantial costs out of our business, leaned into categories to drive sales and free cash flow, and steadied the company during the pandemic."

Still, the company suffered in the second quarter. Revenue was down 26% from a year ago, and gross profit of $17.3 million was 53% lower than in the same quarter last year. In North America, gross profit decreased 49% on the year to $101.7 million in the second quarter,"primarily driven by the impacts of COVID-19 on volume," the company said in a The company also said that it plans to start a second round of layoffs and furloughs in August, which will save approximately $140 million in 2020 combined with the company's other restructuring plans.

Groupon still exists!?!?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lionsgate Earnings, Revenues Top Wall Street EstimatesLionsgate has reported earnings of $51.1 million, or 23 cents a share, on revenues of $813.7 million for its first fiscal quarter ended June 30 — numbers that were above Wall Street estimates…
Source: Variety - 🏆 108. / 63 Read more »

High-flyer Fastly plunges 21% despite earnings beat after CEO reveals TikTok is its largest customer (FSLY) | Markets InsiderHigh-flying Fastly plunged as much as 21% on Thursday despite reporting second quarter earnings that beat estimates and raising guidance. Fastly...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock picking advice from market-beating, $72 billion Harding Loevner - Business InsiderHarding Loevner's global stock fund has trounced the market for over 30 years. Here's an inside look at the simple 4-part stock-picking criteria that helped the firm balloon to $72 billion.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street impressed by space stock Maxar's latest earnings, which cleared 'a high bar'New for subscribers: Wall Street impressed by space stock Maxar's latest earnings, which cleared 'a high bar' Check out CNBCPro for a free trial.
Source: CNBC - 🏆 12. / 72 Read more »