In an ever-increasing food fight for market share, GrubHub (GRUB) reported strong fourth-quarter earnings Thursday morning that gave its stock a much-needed boost.
The operator of an online food delivery network reported revenue of $100 million, up 36% year over year and exceeding the consensus estimate of $99.4 million. Earnings per share minus items of 19 cents marked a 12% rise and topped the consensus estimate of 15 cents as polled by Thomson Reuters.