Groupon skyrockets 36% after earnings report beats Wall Street expectations (GRPN)

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• Groupon on Thursday reported quarterly earnings that beat Wall Street's expectations. 
• Shares of Groupon surged as much as 36% in premarket trading Friday. 
• The company also said that it plans to start a second round of layoffs and furloughs in August. 
• Watch Groupon trade live on Markets Insider. 
• Read more on Business Insider. 

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Shares of Groupon surged as much as 36% in premarket trading Friday after the company on Thursday reported quarterly earnings that beat Wall Street's expectations. 

Here are the key numbers:

See the rest of the story at Business Insider

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