Groupon Inc Reports Profit that Beats Analysts Estimates; Shares Jump

Groupon Inc, the online discount marketplace reported quarterly profits that surpassed expectations and it had a big effect on its shares which took big leaps jumping almost twenty percent.

Groupon left the expectations far behind reporting revenue of $917.2 million vs. $845.9 million forecasted. The company's margins got a push from strong sales in North America as well as its restructuring businesses plans.

Largest coupon website Groupon launches in UAE

GrouponThe largest coupon website Groupon has been launched on Tuesday in UAE. Groupon is a US-based deal-sharing service providing website. It provides its users instant offers from local business at Dubai and Abu Dhabi. A specific numbers of people have to sign up for this website.

After signing up for the website, the users may get benefits of several other offers as well.