Groupon Inc. shares rose almost 6% in premarket trade Friday, after the online coupon company swung to a profit in the second-quarter. The company said it had net profit of $109.1 million, or 16 cents a share, in the quarter, after a loss of $22.9 million, or 3 cents a share, in the year-earlier period. Adjusted per-share earnings came to 2 cents, matching the FactSet consensus. Revenue rose to $738.4 million from $716.2 million, but was below the FactSet consensus of $740 million. Gross billings, which reflect the total dollar value of customer purchases of goods and services, increased to $1.53 billion from $1.50 billion. The company is now expecting third-quarter revenue of $700 million to $750 million, below the current FactSet consensus of $756 million. Shares have fallen 43% in the year so far, while the S&P 500 has gained 1.2%.
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