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Grubhub shares rise 6% on results in line with expectations
Grubhub Inc. shares jumped 6% in after-hours trading Wednesday after the food-delivery service reported fourth-quarter earnings roughly in line with Wall Street expectations. Grubhub said it lost $27.7 million, or 30 cents a share, in the quarter, compared with $5.2 million, or 6 cents a share, in the year-ago fourth quarter. Revenue grew 19% to $341.3 million from $287.7 million a year ago. Analysts surveyed by FactSet had expected a loss of 29 cents a share on sales of $377 million. Grubhub shares are down 34% over the last 12 months. The S&P 500 index has gained 22.1% the last year.
https://finance.yahoo.com/m/73cd6b7...43f6/grubhub-shares-rise-6%-on.html?.tsrc=rss
Grubhub Inc. shares jumped 6% in after-hours trading Wednesday after the food-delivery service reported fourth-quarter earnings roughly in line with Wall Street expectations. Grubhub said it lost $27.7 million, or 30 cents a share, in the quarter, compared with $5.2 million, or 6 cents a share, in the year-ago fourth quarter. Revenue grew 19% to $341.3 million from $287.7 million a year ago. Analysts surveyed by FactSet had expected a loss of 29 cents a share on sales of $377 million. Grubhub shares are down 34% over the last 12 months. The S&P 500 index has gained 22.1% the last year.
https://finance.yahoo.com/m/73cd6b7...43f6/grubhub-shares-rise-6%-on.html?.tsrc=rss
