GrubHub and MasterCard released the earnings results for their first fiscal quarters before opening bell this morning. GrubHub missed estimates, posting earnings of 12 cents per share on $88.2 million in revenue, a 51% increase from last year. Analysts had been looking for earnings of 14 cents per share on revenue of $85.44 million for the first quarter. Analysts had been expecting earnings of 14 cents per share on $85.44 million in revenue.

GrubHub

MasterCard reported diluted earnings of 89 cents per share on revenue of $2.2 billion, a 3% year over year increase. Analysts had been expecting earnings of 80 cents per share on $2.3 billion in revenue.

Key metrics from GrubHub’s earnings report

GrubHub reported non-GAAP adjusted EBITDA of $28.3 million, a 72% increase compared to last year, and basic earnings of 13 cents per share. Net income increased 143% from last year to $10.6 million. The food delivery service reported 5.6 million active diners, an increase of 46% year over year. Daily Average Grubs increase 30% to 234.700. Gross food sales increased 36% from last year to $590 million. GrubHub recorded more than 21 million orders for its 35,000 restaurant partners during the first quarter.

Management said they expect second quarter revenue of between $83.5 million and $85.5 million and adjusted EBITDA of between $23 million and $25 million. For the full year, GrubHub projects revenue of between $346 million and $361 million and adjusted EBITDA of between $101 million and $109 million.

Key metrics from MasterCard’s earnings report

MasterCard reported that net income was $1 billion, a 17% increase or 24% on a constant currency basis compared to last year. The payments processing giant said acquisitions had a 2 cent per share dilutive impact on its earnings.

MasterCard reported that a 19% increase in cross-border volumes, a 12% increase in gross dollar volume and a 12% increase in processed transactions, which rose to $11 billion in the quarter, drove its increase in revenue. Higher rebates and incentives partially offset those positives. As of the end of March, the company had issued 2.2 billion MasterCard and Maestro-branded cards.

MasterCard repurchased about 11 million Class A shares for a total of about $947 million during the quarter. In the current quarter through April 22, the payments processing company bought back another 2.7 million shares for about $240 million. MasterCard has $2.8 billion left on its current buyback authorization.