Groupon revenue beats Wall Street estimates

Groupon revenue beats Wall Street estimates

The e-commerce company Groupon (NASDAQ: GRPN) released its first-quarter 2020 results on Tuesday after market close. The company reported revenues of $374.15 million for the last quarter which is 35% lower than the $578.41 million reported during the same period of the year prior. While the results surpassed Wall Street expectations.

Tiffany sales down 45% due to store closures

Tiffany sales down 45% due to store closures

The luxury jewellery maker Tiffany & Co (NYSE: TIF) released its first-quarter 2020 results on June 9. The company worldwide net sales declined by 45% due to the retail stores closed across the global markets over COVID-19 lockdowns. The New York-based company shut down two of their stores during the quarter and It currently operates a total of 324 locations.