Groupon remains a busted IPO, but it came through with another encouraging quarter. The daily-deals leader may never get back to the $20 price that it went public at two years ago, but it's doing everything possible to stay relevant as a leading source of leads for local merchants.
Revenue climbed 8% in its latest quarter, and that's with Groupon scaling back its operating in Europe. North American revenue soared 42%, and margins improved sequentially.
It was easy to steer clear of Groupon when bookings were falling, but it would be a mistake to dismiss the company that has transformed itself from merely a daily-deals provider into a well-rounded provider of merchant services.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
Just in case you weren't armed with enough anecdotal evidence that the housing industry is back, revenue at leading real estate website Zillow climbed 71% in its latest quarter. Zillow became the first company to take questions on Twitter during its earnings call, though most of those were from Wall Street analysts.
Shares of Dendreon tumbled 15% on Thursday after the company posted an unexpected drop in sales of its flagship prostate cancer treatment. A couple of analysts moved to downgrade Dendreon on the report.
Heckmann was downgraded by Global Hunter Securities after posting a wider quarterly loss than Wall Street was expecting. Revenue also came in a bit light.
On the beat side, Tesla Motors posted a quarterly profit that was four times larger than analysts were projecting. Tesla CEO Elon Musk also conceded that the company is exploring technology for self-driving cars.
Learn from the past
If you're an investor who prefers returns to rhetoric, you'll want to read The Motley Fool's new free report, "5 Dividend Myths ... Busted!" In it, you'll learn which stocks provide premium growth and whether bigger dividends are better. Click here to keep reading.Â
The article A Fool Looks Back originally appeared on Fool.com.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors and Zillow; owns shares of Dendreon, Heckmann, Tesla Motors , and Zillow; and has options on Heckmann. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.