Groupon shares dropped in the extended session Thursday after the daily deals site missed Wall Street estimates and announced job cuts. Read More...
Groupon Inc. shares dropped in the extended session Thursday after the daily-deals site missed Wall Street estimates in its quarterly results, and said it was cutting nearly a fifth of its workforce.
Groupon GRPN shares fell as much as 10% after hours, following a 3.9% decline in the regular session to close at $4.90, while the S&P 500 index SPX gained 1.8% and the tech-heavy Nasdaq Composite Index COMP rallied 2.5%.
The…
