Mama Knows News: Groupon reports first profit, shares surge

Monday, May 14, 2012

Groupon reports first profit, shares surge

SAN FRANCISCO (Reuters) - Groupon Inc posted its first quarterly profit as the world's largest daily deal company reined in marketing spending while signing up more customers and merchants, sending its stock 11 percent higher. The daily deals company started by music graduate Andrew Mason said it now had 36.9 million active customers, and surpassed 100,000 merchants served in the first quarter. The after-hours rally to about $13.17 followed a gain of more than 18 percent in regular trading on Nasdaq, its largest single-day gain since it went public in November. ...

Groupon reports first profit, shares surge
Mon, 14 May 2012 20:40:42 GMT

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Monday, May 14, 2012

Groupon reports first profit, shares surge

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