NEW YORK (TheStreet) -- Shares of GrubHub Inc. (GRUB) - Get Grubhub, Inc. Report are higher by 9.19% to $40.87 in mid-morning trading on Thursday, following the release of the company's 2014 fourth quarter earnings results which increased year-over-year and topped analysts' expectations.
For the most recent quarter, the online and mobile platform for restaurant pick-up and delivery orders, said its net income was $10.8 million, or 13 cents per diluted share compared to pro forma earnings of $2.2 million, or 3 cents per diluted share for the fourth quarter of 2013.
Analysts were expecting earnings of 11 cents for the quarter.
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The company's revenue for the most recent quarter surged by 50% to $73.3 million versus $49 million for the 2013 fourth quarter.
Analysts had forecast for revenue of $70.31 million for the latest quarter.
GrubHub's revenue guidance for the full year 2015 is in a range between $335 million and $350 million, while analysts estimated $326 million for the year.