Now that Groupon (GRPN) - Get Report surprised the Street they should merge with GrubHub GRUB, said TheStreet's Jim Cramer. The Chicago-based e-commerce marketplace posted an adjusted loss of $0.01 a share, while analysts were expecting a loss of $0.02 a share. Revenue for the period was $756 million, above analysts' estimates of $711.2 million. Gross billings declined two percent to $1.49 billion from last year. Billings were impacted by dispositions and country exits related to the company's restructuring.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.