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
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
