NEW YORK (TheStreet) -- After plummeting on Wednesday, Groupon (GRPN) stock has partially recovered over Thursday's session. The company had sold off on weaker-than-expected guidance for its second quarter.
By midday, shares had moved 6.9% higher to $5.70. A day earlier, the stock tanked 20.7%.
For its June-ending second quarter, management guided for earnings breakeven to 2 cents a share, showing no growth from a year earlier. Analysts had expected average profits of 3 cents a share, according to those polled by Thomson Reuters.
- You can view the full analysis from the report here: GRPN Ratings Report
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