Groupon Inc (NASDAQ:GRPN) stock dropped following its Q1 2014 earnings announcement as the company once again failed to impress investors. Even though its gross billings, the number of active customers and the overall revenues saw a significant jump, the profits shrank considerably. Much of Groupon’s topline growth can be attributed to its recent acquisitions, increased discounts and higher marketing spend. However, the impact on the bottomline once again casts doubt over the company’s ability to sustain its business in its current form and improve its profitability. Groupon wanted to stem the decline in its revenues, especially in EMEA (Europe, the Middle East and Africa) and Rest of World (international markets excluding EMEA and North America). It seems to have done it, but has paid a heavy price for it. We have updated our price estimate for Groupon to $6.38 as we are concerned about the substantial decline in its gross margin and notable increase in marketing expenses. Groupon Inc (NASDAQ:GRPN) net profit margin is -3.70% and weekly performance is -14.67%. On last trading day company shares ended up $6.05. Analysts mean target price for the company is $11.12.Groupon Inc (NASDAQ:GRPN) distance from 50-day simple moving average (SMA50) is -21.34%.
Clean Energy Fuels Corp (NASDAQ:CLNE) shares jumped more than 13 percent after the provider of natural gas announced better-than-expected revenue for the first quarter. The company reported that its revenue rose 2.4 percent to $95.3 million for the quarter, while analysts were looking for revenue of $89.95 million. CLNE has a market capitalization of $894.97 million. Clean Energy Fuels Corp (NASDAQ:CLNE) shares advanced 11.79% in last trading session and ended the day on $9.86. CLNE Gross Margin is 36.20% and its return on assets is -5.90%. Clean Energy Fuels Corp (NASDAQ:CLNE) quarterly performance is 1.75%.
BioScrip (NASDAQ:BIOS) issued its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.10, ARN reports. The company had revenue of $239.60 million for the quarter, compared to the consensus estimate of $222.65 million. BioScrip Inc (NASDAQ:BIOS) shares moved up 17.08% in last trading session and was closed at $7.13, while trading in range of $ 5.93 – 7.17. BioScrip Inc (NASDAQ:BIOS) year to date (YTD) performance is -3.65%.
News Corp NWSA (NASDAQ:NWSA) on late Thursday reported its fiscal third-quarter profit fell to 8 cents a share from 56 cents a share a year ago. On an adjusted basis, the media company earned 11 cents a share, ahead of the 2 cents a share projected by analysts. Revenue fell 5% to $2.08 billion. News Corp also announced the appointment of William Lewis as chief executive officer of Dow Jones. News Corp (NASDAQ:NWSA) ended the last trading day at $18.00. Company weekly volatility is calculated as 2.13% and price to cash ratio as 3.55. News Corp (NASDAQ:NWSA) showed a positive weekly performance of 3.99%.