grubhub Archive

Grubhub announces more investments following strong 2Q

Takeout food delivery platform Grubhub stock soared 26 percent following a way-better-than-expected second quarter earnings release. The online marketplace connecting restaurants and takeout diners beat analysts expectations, both for revenue and adjusted EPS. For the second quarter ended June 30, the company posted $120.2 million in revenue, whereas Wall Street was expecting $114.2 million. Non-GAAP net income per diluted share was 23 cents, or four cents …