Groupon rockets up 25% after crushing expectations

caption
Groupon CEO Rich Williams.
source
Groupon

Shares of Groupon, the local-deals shopping site, are up as high as 25% to around $4.73 in after-hours trading after reporting a quarter that blew away analyst estimates.

Here are the important figures, according to Groupon’s earnings release:

    Net loss of $51.7 million, or $0.01 per share versus an expected loss of $0.02 per share. Revenues of $756 million versus expected revenues of $711 million.

Groupon also says in that release that it added 1 million new customers in the last quarter, more than any quarter in the last two years.