Investors Cheer Groupon's Appointment Of A CEO, Narrow Earnings Beat, Stock Buyback Program

Groupon today reported the appointment of Eric Lefkofsky as its CEO, Ted Leonsis as the Chairman of its board, revenue of $609 million in the second quarter, operating income of $59 million excluding stock compensation expenses, and non-GAAP earnings per share of $0.02. Investors are enthralled, sending Groupon up more than 13% in after hours trading.

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