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Grubhub Falls After Wall Street Flags Concerns Over Profitability

  • Company is prioritizing order volume at expense of pricing: BI
  • Shares decline the most in several weeks after earnings report
Seamless And GrubHub Inc. Applications Ahead Of Earnings Figures
Photographer: Andrew Harrer/Bloomberg

Grubhub Inc. fell the most intraday in three weeks after posting a wider-than-anticipated quarterly loss as the the food delivery company focuses on growing orders.

“Fourth quarter results show the company is prioritizing order volume at the expense of pricing to sustain order growth of over 20%,” Bloomberg Intelligence analyst Mandeep Singh said.