Categories AlphaGraphs, Consumer, Earnings
Grubhub (GRUB) tops Q2 targets despite swinging to a loss
Grubhub (NYSE: GRUB) reported a loss in the second quarter of 2020. However, the company beat the bottom and top-line estimates of the Street. Adjusted loss per share of $0.17 and revenue of $459 million was better than the targeted loss per share of $0.18 and a revenue of $406.48 million. GRUB stock declined by about 1% in the pre-market trading session.
On a GAAP basis, Grubhub reported a loss of $45.4 million, or $0.49 per share compared to a profit of $1.3 million, or $0.01 per share, in the second quarter of 2019.
Last month, Amsterdam headquartered Just Eat Takeaway.com agreed to acquire Grubhub in a $7.3 billion deal. The transaction is expected to complete in the first quarter of fiscal 2021.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
