GrubHub: 2Q Earnings Snapshot

CHICAGO (AP) _ GrubHub Inc. (GRUB) on Wednesday reported second-quarter net income of $30.1 million.

The Chicago-based company said it had profit of 33 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The online food ordering service posted revenue of $239.7 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $232.6 million.

For the current quarter ending in October, GrubHub said it expects revenue in the range of $232 million to $240 million.

The company expects full-year revenue in the range of $966 million to $983 million.

GrubHub shares have climbed 52 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRUB at https://www.zacks.com/ap/GRUB