Grubhub Inc. GRUB, -0.66% shares jumped 6% in after-hours trading Wednesday after the food-delivery service reported fourth-quarter earnings roughly in line with Wall Street expectations. Grubhub said it lost $27.7 million, or 30 cents a share, in the quarter, compared with $5.2 million, or 6 cents a share, in the year-ago fourth quarter. Revenue grew 19% to $341.3 million from $287.7 million a year ago. Analysts surveyed by FactSet had expected a loss of 29 cents a share on sales of $377 million. Grubhub shares are down 34% over the last 12 months. The S&P 500 index SPX, +1.13% has gained 22.1% the last year.
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February 05, 2020 at 02:28PM
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Grubhub shares rise 6% on results in line with expectations - MarketWatch
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