Shares of Groupon, Inc. (GRPN) are surging by more than 25% to $2.81 in mid- morning trading on Friday after the company reported a higher-than-expected 4Q15 profit and issued in-line FY16 revenue guidance.
The Chicago-based firm handed in earnings of $0.04 per share on revenue of $917.17 million, beating Wall Street estimates of $0.00 per share on revenue of $845.91 million. Looking ahead, Groupon guided FY16 revenues of $2.75-$3.05 billion, as compared to analysts’ expectations of $2.97 billion.
GRPN shares have fallen 70% in the last 12 months.
JPMorgan (JPM) shares are up 5.71% in early trade on news Jamie Dimon bought 500,000 shares of the nation’s biggest bank stock for more than $25 million. Dimon already owns 6.2 million JPM shares. JPMorgan’s stock is down 20% for the year.
Shares of Square, Inc. (SQ) are up 9% to $9.48 this morning after spiking 14 percent before the opening bell Friday on news Visa (V), an early investor in Square, purchased a 9.99 percent passive stake in Jack Dorsey’s mobile payment company.
FireEye (FEYE) stock is down by 6.93% to $11.55 in mid-morning trading on Friday, after the security software provider reported a loss during the 2015 fourth quarter. In its quarterly report, Milpitas, California-based co. said it lost ($0.36) per share versus the ($0.37) per share analysts were expecting. Revenue rose 29.2% yoy to $184.8 million, below views for $185.54 million.
The company guided 1Q16 revenues of $167-$177 million, as compared to analysts’ expectations of $168.24 million. The management also gave its bottom line range of ($0.49-$0.53) per share, against projections of ($0.41) per share.