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.

GrubHub stock was up 15% in afternoon trading in the stock market today, near 22.

The steady drumbeat of new competitors has not been kind read more >>>

Source : Investors.com