DoorDash Stock Is Delivering Gains To Investors After Hours: What's Driving The Action?
Portfolio Pulse from Adam Eckert
DoorDash Inc (NYSE:DASH) reported mixed Q2 financial results, with revenue of $2.13 billion beating estimates of $2.05 billion, but EPS loss of 44 cents missing estimates for a loss of 42 cents. Revenue was up 33% YoY, total orders increased 25% YoY to 532 million, and marketplace GOV jumped 26% YoY to $16.5 billion. The company expects Q3 marketplace GOV to be between $15.8 billion and $16.2 billion, and full-year marketplace GOV to be in the range of $64.2 billion to $65.2 billion.
August 04, 2023 | 12:23 pm
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DoorDash reported mixed Q2 results but shares are trading higher in after-hours. The company's revenue beat estimates and it expects Q3 marketplace GOV to be between $15.8 billion and $16.2 billion.
Despite mixed Q2 results, DoorDash's shares are trading higher in after-hours, indicating positive investor sentiment. The company's revenue beat estimates and it has provided strong guidance for Q3, which could be driving the stock price up.
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