DoorDash stock pops after revenue beat, rosy guidance


A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020.

Carlo Allegri | Reuters

Shares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period.

Here’s how the company did:

  • Loss per share: $1.65 per share vs. 68 cents, as expected by analysts, according to Refinitiv
  • Revenue: $1.82 billion vs. $1.77 billion, as expected by analysts, according to Refinitiv

The company also said it approved a buyback of up to $750 million of its shares.

DoorDash attributed the wider-than-expected loss for the fourth quarter…

Source cnbc.com

0 0 votes
Article Rating

Consumer debt hits record $16.9 trillion as delinquencies also rise

Previous article

Producer price index January 2023:

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings