DoorDash Inc.’s inventory slid about 7% in after-hours buying and selling Thursday after the food-delivery firm delivered quarterly outcomes.
DoorDash
DASH,
reported a fiscal fourth-quarter internet lack of $154 million, or 39 cents a share, in contrast with a internet lack of $640 million, or $1.65 a share, in the identical quarter a yr in the past.
Revenue jumped 27% to $2.3 billion, from $1.82 billion within the year-ago quarter.
The firm’s gross order worth (GOV), or the overall greenback worth of all orders made on its platform, improved 22% to $17.64 billion. DoorDash had guided for $17 billion to $17.4 billion, and analysts polled by FactSet predicted $17.3 billion.
Analysts surveyed by FactSet had, on common, anticipated a internet lack of 13 cents a share on income of $2.25 billion.
The firm supplied first-quarter GOV steerage of $18.5 billion to $18.9 billion, whereas FactSet analysts are forecasting $18.61 billion.
Shares of DoorDash have surged 89% over the previous 12 months. The broader S&P 500 index
SPX
has elevated 23%.
Source web site: www.marketwatch.com
