Free CFD Trading Guide to Taking a Position on Groupon Shares

LONDON, May 16, 2012 /PRNewswire/ --

Our free CFD trading guide will show you how you can take a position on Groupon shares following their better-than-expected first quarter results.

Groupon Q1 Results

Revenue climbed 89% to $559.3 million for the first quarter of 2012 for the company which was above analyst's expectations of just over $530 million.

In turn, they reported a net loss of $11.7 million which was a notable improvement on their net loss of $146.5 million recorded over the same period in 2011.

Shares Jump 18% on the Nasdaq

As a result, shares jumped over 18% on the Nasdaq stock exchange with equities trading at a price of $13.84 a share on the US technology index following their better-than-expected first quarter revenue.

The firm's chief financial officer Jason Childs admitted to Marketwatch that there was 'still some more work to do' before they [Groupon] could return profit.

Adding: "Hopefully, within the next quarter or two, we will have done all the steps necessary."

How to Trade CFDs on Groupon Shares

Through CFD trading provider City Index, you can take a position on the future price movement of over 12,000 global financial instruments - such as Groupon shares.

Using the powerful range of trading platforms available through City Index, you can trade from wherever you are, whenever you want; at a time to suit you.

Through their online and mobile based trading platforms - you will never miss a trading opportunity.

You can find out how to access the full range of City Index trading platforms through the City Index website.

About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact in excess of 1.5 million trades every month in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting with City Index.

We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.

SOURCE City Index