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Groupon 2Q Revenue Misses Estimates

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  • Description

    FBN’s Adam Shapiro breaks down Groupon’s second-quarter earnings results.

  • Duration 0:54
  • Date

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Adam Shapiro of Fox Business three shares of Groupon are getting hit in extended trading after reporting -- second quarter results.

The company reported a profit of eight cents a share on revenue of 568.

Million dollars coupons gross Billings.

Which represent the total amount collected from customers for deals sold was below expectations.

And down from the first quarter.

Shares of Cisco jumped more than 4% today following mixed fourth quarter results.

The food products company reported an adjusted profit of 55 cents per share a penny better than expected.

But revenue of eleven billion dollars fell short of expectations.

Bank of America -- sold one of its Merrill Lynch wealth management unit to Julius Baer.

For more than 880 million dollars previous report said the Bank of America was making that move because the unit wasn't large enough to generate sufficient income.

That's the latest from the Fox Business Network giving use the --

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