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Why GrubHub Stock Plunged Today

TheMotleyFool

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Shares of GrubHub (NYSE: GRUB) fell more than 12% on Tuesday, following the release of second-quarter results for the food ordering and delivery service.

Revenue surged 36% year over year to $325 million, fueled by a 20% rise in gross food sales, to $1.5 billion.

"The team continued executing in the second quarter, adding thousands of new, high-quality independent and enterprise restaurants, and growing our active diner base to more than 20 million," CEO Matt Maloney said in a press release.

Quelle Fool.com

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