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Groupon Gains 10%+ on Q1 EPS and Revenue Beats

Benzinga ·  May 9 17:25

$Groupon (GRPN.US)$ rose more than 10% in after-hours trading Thursday after the marketing platform beat analyst estimates for Q1 earnings and revenues.

GRPN gained 11.4% to change hands at $11.70 shortly before 5:30 p.m. ET after the company reported $0.06 in adjusted earnings per share, which beat analysts' $0.05 consensus estimate by 20%.

The company also reported $123.1 million in Q1 sales, exceeding analysts' $117.5 million consensus forecast by 4.8%.

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