DoorDash's stock tumbles 10% after a mixed Q1 earnings report. The company beat revenue estimates but projected lower core profit for Q2, citing higher costs. Despite higher marketplace revenue and total orders, DoorDash's earnings missed expectations.
Shares of DoorDash $DASH tumbled over 12% on the back of reporting a larger-than-expected GAAP loss during the first quarter: https://t.co/icDWJokRJS How DoorDash $DASH Makes Its Money: https://t.co/qpJGnxDy1w https://t.co/BUdpoYyAqn
To follow up on this $SBUX point, here's $DASH's CEO on their call saying they don't see any behavior change or signs of strain. They processed 620 million orders with a value of nearly $20 billion. @SaraEisen https://t.co/vsjnlhg0GP https://t.co/Vp9eWUHMHp
$DASH (-7.2% pre) DoorDash disappoints Wall Street with downbeat quarterly core profit https://t.co/VdefnQQjdA
$DASH Q1 earnings results: Total orders up 21% y/y to 620M Marketplace GOV up 21% y/y to $10.239B Revs up up 23% y/y to $2.513B - Net revs margin was 13.1% of GOV Gross profit margin was 44.9% of Revs, 5.9% of GOV Expect Q2 Marketplace GOV to be min $19B, up 15.4% y/y Doordash… https://t.co/sGeCpd6Cny https://t.co/RAKaBDd8dx
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns https://t.co/9aRgJGx6uW
$DASH tanks 16% on earnings? https://t.co/4svEd6Xsfp
DoorDash disappoints Wall Street with downbeat quarterly core profit https://t.co/CNUWzk7z8j https://t.co/e3BqcoLvwQ
$DASH -12% after market on light 2Q EBITDA guidance ($375M at midpoint vs $396M est). On 2Q marketplace GOV guidance was higher than expected ($19.2B vs $19.1B est) so demand is fine, but company must be anticipating spending more on new verticals or infrastructure. Conf call…
Doordash CEO: "In Q1 2024, we set new quarterly records for Total Orders, Marketplace GOV, and revenue, while improving our net loss compared to a year ago." $DASH: -13% AH https://t.co/O0MZytw7d0
DoorDash projects quarterly core profit below estimates on higher costs https://t.co/hYLvbWLKlH https://t.co/X3DlzAoejR
$DASH | DoorDash Reports Mixed Q1 Results: EPS Miss, Sales Beat DoorDash reports quarterly losses of 6 cents per share which missed the analyst consensus estimate of losses of 4 cents by 50%. Quarterly sales come in at $2.513 billion which beat the analyst consensus estimate of… https://t.co/SVJztJNHKL
DoorDash, the largest food delivery service in the US, offered a disappointing profit forecast, even as it beat analysts’ estimates for orders in the first quarter https://t.co/Cs26RAqF98
Profitability miss from $DASH DoorDash in outlook, revenue beats modestly - DOORDASH SEES 2Q ADJ. EBITDA $325M TO $425M, EST. $394.4M - DOORDASH SEES 2Q MARKETPLACE GOV $19B TO $19.4B, EST. $19.1B https://t.co/GPyBEXrIfV
DoorDash reports Q1 revenue up 23% YoY to $2.51B, vs. $2.45B est., total orders up 21% YoY, and forecasts Q2 core profit below est.; DASH drops 9%+ after hours (Reuters) https://t.co/5yT2nSp2sU 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ayPLAKq1vr
I speak with @DoorDash CFO Ravi Inukonda about $DASH's latest financial results. https://t.co/YlefcUVz2s
DoorDash loses more than expected, but sales top expectations https://t.co/ff0Dporxd7
DoorDash $DASH stock tumbles 10% after mixed Q1 print https://t.co/C4Fbavb48H https://t.co/jYrNgD9H2N
$DASH | DoorDash Q1 Earnings: - EPS/Loss $0.06 (Est/Loss $0.04) 🔴 - Sales $2.513B (Est. $2.453B) 🟢
⚠️ DOORDASH PROJECTS QUARTERLY CORE PROFIT BELOW ESTIMATES ON HIGHER COSTS Full Story → https://t.co/EWjOzWgfab DoorDash projected second-quarter core profit below expectations on Wednesday despite beating first-quarter revenue estimates, indicating that higher costs were…