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Recap: GrubHub Q3 Earnings

Benzinga Insights
·1 min read

Shares of GrubHub (NYSE:GRUB) rose 2% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 40.74% over the past year to $0.16, which beat the estimate of ($0.09).

Revenue of $493,981,000 higher by 53.39% from the same period last year, which beat the estimate of $436,710,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

View more earnings on GRUB

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $85.53

52-week low: $29.35

Price action over last quarter: Up 5.07%

Company Description

Founded in 2004, Grubhub provides an online takeout food platform for diners and restaurants. The firm generates revenue by charging restaurants a commission based on each order amount. It also charges consumers a delivery fee for orders where the firm handles the delivery. Grubhub has over 50,000 restaurant partners.

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