GrubHub Stock Soars After Beating Expectations, Raising Outlook

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GrubHub shares jumped 23% on news that it beat analyst estimates on revenue and earnings per share.

The Chicago-based food delivery company posted revenue of $120 million. That’s up 37 percent from a year ago. It earned profits of nearly $13 million.

GrubHub, which went public in 2014, charges g restaurants a commission on orders booked through its service. Last year it acquired DiningIn and Restaurants on the Run.

The company has increased its outlook for the coming quarters.

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