Groupon ( GRPN), the daily deals site, beat analysts' quarterly estimates on the bottom line but revenue came in light. Groupon posted second-quarter non-GAAP earnings Monday of $53.8 million, or 8 cents a share, on revenue of $568.3 million. Analysts were calling for a profit of 3 cents a share in the quarter on revenue of $573.1 million. Groupon sees revenue ranging from $580 million to $620 million in the third quarter. Analysts forecast revenue of $604.5 million. Gross billings declined on a sequential basis, falling to $1.29 billion in the second quarter from $1.35 billion in the first quarter. Groupon Plunges on Revenue Miss
Retailer TJX ( TJX) is expected by analysts Tuesday to report second-quarter earnings of 55 cents a share on sales of $6 billion.
Dick's Sporting Goods ( DKS), the sporting goods retailer, is expected to post second-quarter profit of 64 cents a share on sales of $1.44 billion.
Google ( GOOG) is acquiring the Frommer's travel-guide business from John Wiley & Sons ( JWB). Google paid around $25 million for Frommer's, according to a person briefed on the deal, which hasn't yet closed, The Wall Street Journal reported. Tech's Top 3 Back-to-School Stocks
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel