Grubhub's (NYSE: GRUB) stock recently plunged to a two-year low after the meal delivery company's third-quarter numbers missed analysts' expectations. Its revenue rose 30% annually to $322.1 million, but that marked a slowdown from previous quarters and missed expectations by $7.4 million.
On a GAAP basis, Grubhub's net income plunged 96% to $1.0 million, or $0.01 per share. On a non-GAAP basis, which excludes stock-based compensation and other one-time charges, its net income fell 41% to $24.7 million, or $0.27 per share, which missed expectations by a penny. Its adjusted EBITDA dropped 10% to $53.8 million.
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