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Positive sell-side commentary helps Groupon (GRPN +11.3%) remain sharply higher following its Q1...

Positive sell-side commentary helps Groupon (GRPN +11.3%) remain sharply higher following its Q1 revenue beat, which featured Q/Q gross margin and take rate improvements. "Groupon's [daily deals] leadership position will yield a growing, albeit slow, business in 2014 and 2015," says Gene Munster, whose pre-earnings predictions (I, II) were off the mark for both Q4 and Q1. Strong mobile numbers are also encouraging bulls: 45% of Q1 North American transactions took place via a mobile device, up from less than 40% in Q4. The number of customers to have bought a Groupon in the trailing 12 months rose by 700K Q/Q to 41.7M. (transcript)
Comments (1)
  • Hyrcania
    , contributor
    Comments (48) | Send Message
     
    How does this justify a 56% growth rate which is what is implied by consensus estimates???
    9 May 2013, 03:58 PM Reply Like
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