Groupon, Inc. (NASDAQ:GRPN) is up 12.48% in after hours trading at $13.20. GRPN closed the day up nearly 20% with around 15 million shares traded. Groupon announced first quarter results after market close today. Revenue for the first quarter came in at $559 million with EPS of $0.02 a share. Analysts were estimating $530.5 million with EPS of $0.01 per share. The company is expecting revenue for the current quarter to be between $550 million to $590 million, beating consensus of $558.7 million. The company has a market cap of 7.57 billion.
Silicon Graphics International Corp. (NASDAQ:SGI) is up 10.44% this afternoon at $6.0522. SGI closed regular trading down nearly 10% with 2.1 million shares traded. SGI shares have been in a free fall the past week, falling from $9 to the mid $5s. The company has a market cap of 175 million. [Read more...]