Boston, MA 10\/14\/2013 (wallstreetpr) –\u00a0 The discount local e-commerce company\u00a0Groupon Inc (NASDAQ:GRPN) closed the week on a positive note, gaining 0.18% to close up $11.12.<\/p>\n
\u00a0Friday closed with the stock trading about 13 million shares in the day which is slightly over half of the daily average share volume of 23.17 million. The day\u2019s trading saw the shares swing between $10.99 on the lower boundary and $11.28 on the upper boundary.<\/p>\n
\u00a0GRPN is in the business of selling discount coupon on personal preference and location basis. The daily deals are emailed to customers or can be accessed through the company\u2019s website. E-commerce and discounts business is lucrative, but the heavy muscles of competitors like Google Inc, Facebook Inc and Amazon Inc are causing GRPN a lot of headache. It has to plot on all fronts on how best to maintain its upward rally in market share while venturing into other aspects of e-business. So far the firm is struggling to achieve profit.<\/p>\n
Even as GRPN\u2019s shares edge up Friday, there are fears the company would miss the previous $0.17 per share earning target for the current fiscal year by about $0.05. Recent data from Wall Street have indicted further drop in the company\u2019s profit estimates.<\/p>\n
In order to make any meaningful growth, GRPN has the uphill task of doubling its sales in six months. Its sales have not been what one would expect for a company which has potentials of treating investor with good per share earnings.<\/p>\n
In the fiscal year of 2012, GRPN realized $28.4 million in profit, but the same has been lost in a comparable quarter of the fiscal year 2013 in which it posted $7.6 million in loss. In first quarter tenure of 2012, the company realized $16.7 million in profits, but Q1.13 has seen the company record $11.6 million in net loss with income sliding by 44%.<\/p>\n
With two market segments in North America and the rest of the world, GRPN has a market capitalization of $7.40 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/14\/2013 (wallstreetpr) –\u00a0 The discount local e-commerce company\u00a0Groupon Inc (NASDAQ:GRPN) closed the week on a positive note, gaining 0.18% to close up $11.12. […]<\/p>\n","protected":false},"author":32,"featured_media":10023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3382,1819,416,833],"stock_ticker":[],"class_list":["post-10022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-groupon-inc","tag-groupon-inc-nasdaqgrpn","tag-grpn","tag-nasdaqgrpn","entry"],"acf":[],"yoast_head":"\n