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.
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Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock