CHICAGO (AP) _ GrubHub Inc. (GRUB) on Wednesday reported a fourth-quarter loss of $27.7 million, after reporting a profit in the same period a year earlier.
The Chicago-based company said it had a loss of 30 cents per share. Losses, adjusted for one-time gains and costs, came to 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The online food ordering service posted revenue of $341.3 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $326.9 million.
For the year, the company reported a loss of $18.6 million, or 20 cents per share, swinging to a loss in the period. Revenue was reported as $1.31 billion.
For the current quarter ending in April, GrubHub said it expects revenue in the range of $350 million to $370 million.
The company expects full-year revenue in the range of $1.4 billion to $1.5 billion.
GrubHub shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.44, a decrease of 31% in the last 12 months.