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DoorDash (DASH) Q1 2021 earnings miss estimates

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Sign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020.

Smith Collection/Gado | Archive Photos | Getty Images

DoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a short-term shortage of delivery drivers as consumer demand outstripped its forecast.

But the company raised its forecast, cheering up investors. The stock rose more than 6% in extended trading after hitting an all-time low earlier on Thursday. DoorDash shares began publicly trading in December.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Loss per share: 34…



Source cnbc.com

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