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.
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth