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GrubHub Earnings Bite Off More Than It Can Chew

GrubHub Inc. (NYSE: GRUB) is leading the bears on Tuesday after it reported third quarter financial results before the markets opened this morning. The company had $0.08 in earnings per share (EPS) on $85.7 million in revenue compared to Thomson Reuters consensus estimates of $0.14 in EPS on $86.54 million in revenue. The same period from the previous year had $0.10 in EPS on $61.94 million in revenue.

In this quarter, Active Diners totaled 6.43 million, up 41% from 4.57 million last year. Daily Average Grubs were 211,500, an increase of 22% year over year. Gross Food Sales totaled $554 million, up from $424 million.

As for guidance the...