Grubhub (GRUB) Misses Q4 EPS by 1c, Offers Q1 and FY Guidance
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More diners, restaurants help Grubhub beat revenue estimates
February 5, 2020 4:20 PM ESTBy Hilary Russ and Chinmay Rautmare
(Reuters) - Grubhub Inc (NYSE: GRUB) topped Wall Street revenue estimates on Wednesday, adding more restaurants to its online food delivery platform and luring more diners as it predicted continued growth for 2020.
Shares rose more than 6% in after-market trading, a dramatic difference from last quarter, when its stock crashed after it shifted strategy in an effort to fend off rivals.
"We are significantly profitable, while both of the main competitors in our space are significantly unprofitable and will have a difficult time breaking... More
