GrubHub Inc (GRUB) Earnings Beat, Shares Jump

GrubHub

Grubhub Inc released its earnings numbers for its first quarter of 2014 this afternoon after the market close in New York. The fast food marketplace showed earnings of 6 cents per share for the three month period. the company recorded revenue at $59 million. On Thursday’s stock market shares in the company traded strongly upward and finished the day at $31.38.

In the run up to the release of Thursday’s figures analysts were expecting Grubhub Inc (NASDAQ:GRUB)  to show earnings of just 3 cents per share. The company’s revenue was expected to come in at $53.4 million. It’s just one month since the company went public.

Hard time for web start ups

Grubhub Inc (NASDAQ:GRUB) has, at the very least the prestige of actually earnings money, but nonentheless it’s been a difficult time for web start-ups. The market has punished companies valued well beyond their earnings ability in the early months of 2014, and those with a business based on the internet were hurt harder than most.

The problems with momentum stocks have hit some of the biggest companies out there and despite Grubhub Inc (NASDAQ:GRUB) performance in the first quarter the company is likely to see that dynamic form a major push on its stock market performance in the coming months. The company is but a small boat, and the tide does not always rise to raise them

Grubhub jumps on positive start

Grubhub Inc (NASDAQ:GRUB) shares jumped on the after market as a result of the company’s EPS and revenue beat in its first ever public earnings report. The company’s stock was up by 5% at time of writing. The increase will relieve the company’s investors who saw their stakes rattled by a difficult market. the company’s stock has lost more than 7% of its value from its IPO through Thursday’s close.

Investors in Grubhub Inc (NASDAQ:GRUB) and analysts interested in the company’s future, are invited to participate on a conference call with the company later on this evening. The call will take place at 5 PM EST and will allow the company’s investors to find out about the company’s plans to continue growing its business, and justifying its massive $2.5 billion valuation.

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Paul Shea
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