Groupon (GRPN - Get Report), the daily deals Web site, posted first-quarter revenue that exceeded forecasts. Groupon said revenue rose 8% to $601.4 million in the March-ended quarter from $559.3 million in the year-earlier period.. The loss in the first quarter narrowed to $3.99 million, or a penny a share, from a year-earlier loss of $11.695 million, or 2 cents a share. Excluding special items, earnings were 3 cents a share, in line with analysts' expectations. Groupon Surges on Revenue Beat
Green Mountain Coffee Roasters (GMCR - Get Report) said fiscal second-quarter earnings jumped 42%, and it raised its earnings forecast for the full year. Green Mountain said sales of single-serve coffee packs rose 26% from a year earlier, offsetting a decrease in sales of Keurig brewing systems. Revenue in the quarter rose 14% to $1 billion. Separately, Starbucks (SBUX) said it signed a new five-year contract to make single-serve packs for Keurig brewing machines, expanding the companies' partnership beyond North America.
Cablevision Systems (CVC - Get Report) is expected by Wall Street on Thursday to post first-quarter earnings of 4 cents a share on revenue of $1.55 billion.
Dish Network (DISH) is forecast to post first-quarter net income of 53 cents a share on revenue of $3.61 billion.
Wall Street expects Priceline.com (PCLN - Get Report) on Thursday to post first-quarter earnings of $5.27 a share on sales of $1.28 billion.
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