SAN DIEGO, Feb. 19, 2020 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against Groupon, Inc. ("Groupon" or the "Company" (NASDAQ:
GRPN) on behalf of investors.
On February 18, 2020, Groupon
reported fourth-quarter sales of $612.3
million, missing the analyst consensus estimate of
$709.35 million and 23.46% decrease
over sales of $799.93 million in
the same period last year. Adjusted EBITDA for the full year
was $227.2 million in 2019, missing
the $270 million estimate that the
Company affirmed on a November 2019
conference call.
Following this news, the price of Groupon common stock plunged
over 25% on February 19, 2020, in
pre-market trading.
The investigation centers on whether Groupon and its senior
management overstated demand for its services. If you lost
money, realized or unrealized, on your Groupon
investment, and are interested in learning more about the
investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) by email
or phone at 619-814-4471. If emailing, please include a phone
number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP