Why GrubHub (GRUB) Stock Is Jumping Today

NEW YORK (TheStreet) -- GrubHub (GRUB) shares are up 7.2% to $33.63 on Friday following the release of the company's first quarter earnings results.

The online and mobile food delivery platform reported first quarter revenue of $58.6 million, a year over year quarterly increase of 49%, beating analysts $53.4 estimate during the first reporting period since the company went public last month.

The company reported a profit of $4.4 million, or 6 cents per diluted share, 3 cents better than analysts expectations.

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