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GrubHub: 3Q Earnings Snapshot

·1 min read

CHICAGO (AP) _ GrubHub Inc. (GRUB) on Wednesday reported a third-quarter loss of $9.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had a loss of 10 cents. Earnings, adjusted for stock option expense and amortization costs, came to 16 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The online food ordering service posted revenue of $494 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $448.2 million.

GrubHub shares have climbed 55% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $75.49, an increase of 29% in the last 12 months.

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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