News Formal

DoorDash Stock Jumps On Strong Earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Consumers continue to order out, based on the food delivery firm’s latest results.

DoorDash shares headed higher in late trading Wednesday after the restaurant delivery service posted better-than-expected financial results for the third quarter along with fourth quarter guidance that topped Wall Street estimates. The consumer might be cutting back, but they’re apparently still ordering out.For the quarter, DoorDash posted revenue of $2.2 billion, up 27% from a year ago, and above the Wall Street consensus estimate of $2.1 billion.

Total orders were 543 million, up 24%, and above the consensus tracked by FactSet of 520 million. Marketplace gross order value was $16.75 billion, 24% higher, and ahead of the Street forecast at $16.1 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

E.l.f.’s stock jumps 10% on earnings, revenue beat; strong guidanceJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »