Orlando, FL -- (SBWIRE) -- 10/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Groupon Inc (NASDAQ:GRPN), Zynga Inc(NASDAQ:ZNGA).
Groupon Inc (NASDAQ:GRPN) shares declined 0.58% to $9.65. The company on Oct. 23 announced the appointment of Jeffrey Housenbold, president and CEO of Shutterfly, to the company's Board of Directors.
"We are thrilled to welcome Jeffrey to the Groupon board," said Ted Leonsis, Chairman. "He brings tremendous expertise and energy, as well as a demonstrated history of innovation and leadership. We look forward to his perspective as Groupon continues to grow and evolve."
Additionally, the company announced that it intends to hold a conference call to discuss its third quarter 2013 financial results on Thursday, November 7, 2013, at 5:00pm EST.
Are investors worried about the recent updates with GRPN? Find out with a free trend analysis HERE
Zynga Inc(NASDAQ:ZNGA) shares declined 0.28% to $3.54. The company on Oct. 24 whittled its third-quarter losses even as its revenue plunged and fewer people played its digital games. The company lost $68,000 in the three months ended in September. That translated into breaking even on a per-share basis. It marked a dramatic improvement from a loss of $52.7 million, or 7 cents per share, at the same time last year. If not counting one-time gains, Zynga said it would have lost 2 cents per share. That figure was better than the average loss of 4 cents per share projected by analysts, according to FactSet. Revenue tumbled 36 percent to $202.6 million — about $13 million more than analysts had predicted.
Is ZNGA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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