real-time news and commentary for investors
Tuesday, May 15
2012, 9:40 AM
Groupon (GRPN +18%) skyrockets following its Q1 beat and strong Q2 guidance, fueled by surging...
Groupon (GRPN +18%) skyrockets following its Q1 beat and strong Q2 guidance, fueled by surging North American sales that suggest the company is gaining share against old and new domestic rivals. Citi and Sterne Agee are upgrading Groupon, with each praising its operating leverage (long a concern for the Street). Deutsche, however, is worried the lower marketing expenses reported by Groupon won't last, and Stifel thinks shares could fade ahead of the June 1 IPO lockup expiration.