Groupon EPS in-line, revenue beats, buyback announced, shares jump

Groupon (GRPN): Q2 EPS of $0.02 in-line.

Revenue of $608.7M (+7% Y/Y) beats by $2.5M. Gross billings of $1.41B.

$300M buyback announced.

Expects Q3 revenue of $585M-$635M and EPS of -$0.01 to $0.01 vs. consensus of $621.6M and $0.05. 2013 operating income guidance maintained.

Shares +11.9% AH. CC at 5PM ET (webcast). (PR)

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