Grubhub Chews Up Analyst Forecasts With Big Second-Quarter Gains

Rich Duprey, The Motley Fool
·2 min read
Grubhub Chews Up Analyst Forecasts With Big Second-Quarter Gains

Grubhub (NYSE: GRUB) devoured analyst expectations by posting a 41% jump in pandemic-fueled second-quarter revenue that pushed key business metrics to large gains. Yet it was still a money-losing operation, notching adjusted net losses of $16 million, or $0.