Wednesday, May 08, 2013

DealChicken | Groupon cuts loss as sales rise 7.5%

That's according to the online coupon leader's just-out first-quarter earnings report, cited by MarketWatch. The company -- a competitor of Gannett's DealChicken -- met analysts' average forecast on earnings and bested expectations on revenue.

GRPN shares initially soared 12% in after-hours trading to a recent $6.25 a share. GCI's stock, meanwhile, was flat in late trading after closing earlier at $20.70 a share, up 22 cents, or 1.1%, as the S&P 500 index closed at a record high for a fifth session.


  1. I know few people buy into Fried Chicken, but Groupon is a category leader and seems cheap enough to buy some shares. Remember, Gannett was once below $2. I know, I know, it was once over $90 as well.

  2. Today was the last day of many Deal Chicken folks who launched the product.


Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

Note: Only a member of this blog may post a comment.