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GrubHub Inc. reported higher than expected second-quarter revenue on Thursday, though profit at the newly public company came in below analysts’ expectations as it spends on hiring and advertising.
Shares of the Chicago-based online food ordering company rose 4.9 percent to $35.17 after jumping more than 10 percent in Thursday morning trading on the New York Stock Exchange. GrubHub shares soared as high as $40.80 during their April 5 debut, after pricing at $26 per share.
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