Groupon Remains Active; Shares Up 6%

Groupon released its fiscal first-quarter earnings report on Monday, after the stock had rallied more than 18% during the regular trading session. The company beat Wall Street earnings and revenue estimates and gapped sharply higher at Tuesday's open, but fell throughout the trading session erasing a good portion of its gains. On Wednesday, the stock is moving higher once again after opening the day near the flatline. At last check, GRPN had added more than 6% to $12.94 and was moving on heavier than usual volume. For its fiscal-first quarter, the Chicago-based company reported non-GAAP earnings per share of $0.02, which came in ahead of Wall Street consensus EPS estimates of $0.01. Revenues for the quarter were $559.3 million, which was well ahead of Street consensus revenue estimates of $530.5 million. Looking ahead, Groupon is forecasting second-quarter revenue between $550 million to $590 million which compares to current analysts' consensus of $558.7 million. Income from operations for the second-quarter is expected to be between $25 million to $45 million, which compares to current Street estimates of $44.1 million.