Narrower-Than-Estimated Loss and a revenue figure that was more than double the analysts' estimate.
GAAP net loss of $2.53 a share, widened from $1.42 a share in the year-earlier quarter.
Revenue declined 26% to $395.6 million from $532.6 million.
A survey of analysts by FactSet produced consensus estimates of a net loss of $4.14 a share on revenue of $183 million.
the company has cut substantial costs.
the company reached adjusted earnings before interest, taxes, depreciation and amortization faster than it had expected. That figure was $1 million for the second quarter.
Company surpassed Street estimates by a wide margin. Though its sales and earnings declined year-over-year, cost-savings measures boosted its bottom line.
The company is also planning to start the second round of layoffs in August to reduce its expenses. In April, Groupon said it was planning to furlough about 44% of its total workforce by July 2021.
www.barrons.com...ess-51596823953?siteid=yho...
finance.yahoo.c...-105048721.html?guce_refer...
www.thestreet.c...-estimated-loss?puc=yahoo&...
GAAP net loss of $2.53 a share, widened from $1.42 a share in the year-earlier quarter.
Revenue declined 26% to $395.6 million from $532.6 million.
A survey of analysts by FactSet produced consensus estimates of a net loss of $4.14 a share on revenue of $183 million.
the company has cut substantial costs.
the company reached adjusted earnings before interest, taxes, depreciation and amortization faster than it had expected. That figure was $1 million for the second quarter.
Company surpassed Street estimates by a wide margin. Though its sales and earnings declined year-over-year, cost-savings measures boosted its bottom line.
The company is also planning to start the second round of layoffs in August to reduce its expenses. In April, Groupon said it was planning to furlough about 44% of its total workforce by July 2021.
www.barrons.com...ess-51596823953?siteid=yho...
finance.yahoo.c...-105048721.html?guce_refer...
www.thestreet.c...-estimated-loss?puc=yahoo&...