GrubHub: 4Q Earnings Snapshot
Editors Note Adds full-year results.
CHICAGO (AP) _ GrubHub Inc. (GRUB) on Thursday reported a fourth-quarter loss of $5.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The online food ordering service posted revenue of $287.7 million in the period, also falling short of Street forecasts. Ten analysts surveyed by Zacks expected $289.2 million.
For the year, the company reported profit of $78.5 million, or 85 cents per share. Revenue was reported as $1.01 billion.
For the current quarter ending in April, GrubHub said it expects revenue in the range of $310 million to $330 million.
The company expects full-year revenue in the range of $1.32 billion to $1.42 billion.
GrubHub shares have increased slightly more than 9 percent since the beginning of the year. The stock has risen 22 percent in the last 12 months.
By The Associated Press, Copyright 2019