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CHICAGO (AP) _ GrubHub Inc. (GRUB) on Wednesday reported a loss of $67.8 million in its fourth quarter.
The Chicago-based company said it had a loss of 73 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 41 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The online food ordering service posted revenue of $503.7 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $494.9 million.
For the year, the company reported that its loss widened to $155.9 million, or $1.69 per share. Revenue was reported as $1.82 billion.
GrubHub shares have risen roughly 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $74.79, a rise of 39% in the last 12 months.