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Groupon Beats Q1 Revenue Estimates

Though many investors have lost interest in daily deals, Groupon reported revenue of $757.60 million during the first quarter -- better than the $740 million Wall Street was expecting. Better yet, “Groupon is increasing its full year outlook, and now expects Adjusted EBITDA to exceed $300 million,” the company’s latest earnings report boasts. However, “Raising a non-GAAP figure is only so impressive,” according to TechCrunch. “Following its poorly received growth projections detailed in the fourth quarter of 2013, perhaps this was adjustment too little.

Read the whole story at TechCrunch »

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