DoorDash stock falls after company drops first earnings report since going public

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DoorDash released its first earnings report as a public company yesterday, beating analyst revenue estimates but including a large net loss. CEO Tony Xu joined andrewrsorkin to discuss the quarter and what's ahead.

after the bell on Thursday. It beat analyst revenue estimates but included a large net loss in its first release as a public company.Here are the key numbers:Loss per share:CNBC does not compare reported earnings to analyst estimates for a company's first report after going public because uncertain share counts can skew expectations.

But DoorDash told shareholders it expects some of the tailwinds it experienced from stay-at-home orders across the U.S. will turn around once the country gets the virus under control. The company warned that outlook for the year "remains highly uncertain" but provided some guidance based on its assumption of a "successful rollout of COVID-19 vaccines."

 

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andrewrsorkin How to fix the SEC? Time for wallstreetbets and reddittraders to talk about Microsoft, Apple, Tesla, Google on SocialMedia groups and sell your holding in all of them. And buy Puts simultaneously. Let SEC suspend trading on these names. wsb cnbc reddit

andrewrsorkin I just moved to your city, who wouldn't mind showing me interesting places?

andrewrsorkin This company stole their delivery workers tips and still can’t make money?🤣🤣

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