Groupon Posts Profit In Q2 - Quick Facts

(RTTNews) - Daily deals site Groupon Inc (GRPN) Friday said its second-quarter net earnings attributable to common stockholders was $109.1 million, or $0.16 per share, including $0.21 related to the gain on the Ticket Monster sale. In the previous year, the company reported a loss of $22.9 million or $0.03 per share.

Adjusted earnings per share were $0.02 per share. On average, 21 analysts polled by Thomson Reuters expected earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $738.4 million from $716.2 million in the prior year. Analysts expected revenues of $740.25 million.

Global units, representing vouchers and products sold before cancellations and refunds, increased 7 percent to 53 million in the second quarter of 2015.

For the third quarter, Groupon expects non-GAAP earnings per share of between $0.00 and $0.02, and revenue of between $700 million and $750 million. Analysts look for earnings of $0.03 per share on revenues of $755.88 million.

For the full year 2015, Groupon continues to expect revenue of between $3.15 billion and $3.3 billion, and Wall Street estimates revenues of $3.21 billion.

GRPN, which closed down 1.7 percent on Thursday at $4.68, gained 4.5 percent in pre-market activity.