-=GrubHub (GRUB) reported earnings on Tue 30 July 2019 (b/o)

GrubHub misses by $0.03, beats on revs, reports EBITDA in-line; guides Q3 revs in-line but EBITDA guidance below consensus; guides FY19 revs in-line, lowers high end of EBITDA guidance 

Reports Q2 (Jun) earnings of $0.27 per share, excluding non-recurring items, $0.03 worse thanthe S&P Capital IQ Consensus of $0.30; revenues rose 35.6% year/year to $325.1 mln vs the $317.4 mln S&P Capital IQ Consensus.

• Adjusted EBITDA fell 19% yr/yr to $54.7 mln vs prior guidance of $49-59 mln and consensus of $54.8 mln.

Co issues in-line guidancefor Q3, sees Q3 revs of $320-340 mln vs. $331.0 mln S&P Capital IQ Consensus.

• Guides to Q3 adjusted EBITDA of $53-60 mln vs consensus of $61.7 mln.

Co issues in-line guidancefor FY19, sees FY19 revs of $1.34-1.39 bln vs. $1.36 bln S&P Capital IQ Consensus. Co lowers high end of adjusted EBITDA range to $235-250 mln from $235-265 mln.