GrubHub Inc Down Post-Earnings, Mastercard Inc Beats

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GrubHub Inc Down Post-Earnings, Mastercard Inc Beats

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.

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.

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Management said they expect second quarter revenue of b