GrubHub profit misses on higher spending to fend off competition

GrubHub profit misses on higher spending to fend off competition

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-grubhub-results/grubhub-profit-misses-on-higher-spending-to-fend-off-competition-idUSKCN1UP1HJ

GrubHub Inc's quarterly profit missed analyst estimates on Tuesday, hit by soaring costs as the online food delivery company faces off against rivals Uber Eats and DoorDash, sending its stock down 6.6%.

GrubHub profit misses on higher spending to fend off competition

Jul 30, 2019, 3:38pm UTC
https://www.reuters.com/article/us-grubhub-results/grubhub-profit-misses-on-higher-spending-to-fend-off-competition-idUSKCN1UP1HJ >GrubHub Inc's quarterly profit missed analyst estimates on Tuesday, hit by soaring costs as the online food delivery company faces off against rivals Uber Eats and DoorDash, sending its stock down 6.6%.