Why Just Eat Takeaway.com Defied the Tech Sell-Off This Week [The Motley Fool]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm
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Source: The Motley Fool
Billy Duberstein(TMFStoneOak)Author BioI love looking at the "story" behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names.What happenedShares ofJust Eat Takeaway.comNASDAQ:GRUBHow did the online food delivery platform accomplish this feat, when so many other profitless tech stocks continued to drop? The company reported some preliminary order and gross transaction value (GTV) numbers for the fourth quarter and full year on Wednesday, and those results were better than expected. That was enough for investors to begin buying, as the stock had been cut in half over the past year.Image source: Getty Images.So whatFor the full year 202, the company's orders grew 33% to . billion, and GTV grew 3% to 28.2 billion euros (roughly $32.3 billion). However, growth slowed in the fourth quarter, with total orders up 4% and GTV up 3%. While that is a slowing rate, Just Eat was lapping the last quarter before vaccine
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