GrubHub Delivers On Earnings

Shares of GrubHub Inc GRUB were trading sharply higher in the pre-market following a strong earnings and revenue beat, with strong guidance.

Earnings per share came in at $0.08, versus expectations of $0.06.

Revenues of $61.9 million, an increase of 51 percent from a year ago. Non-GAAP Adjusted EBITDA of $20.4 million, roughly double from a year ago. Net Income of $6.5 million, a 440 percent rise from a year ago. Diners were 4.57 million, a 50 percent increase from 3.05 million in the third quarter of 2013. Gross Food Sales were $424 million, a 37 percent gain from a year ago.

The company also provided strong guidance: Revenue of $68.5 million to $70.5 million and Adjusted EBITDA of $20 million to $22 million.

Shares were up 5.6 percent at $39.25 in pre-market trading.