DoorDash Q1 2024 GAAP EPS $(0.06) Misses $(0.04) Estimate, Sales $2.513B Beat $2.453B Estimate
Portfolio Pulse from Benzinga Newsdesk
DoorDash reported Q1 2024 earnings with a GAAP EPS of $(0.06), missing the $(0.04) estimate, but sales of $2.513B exceeded the $2.453B forecast, marking a 23.49% increase from the previous year.
May 01, 2024 | 8:09 pm
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DoorDash's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, with a significant year-over-year sales growth.
While the EPS miss might concern some investors, the significant beat on sales forecasts and the strong year-over-year growth could offset negative sentiment. The mixed results present a neutral short-term outlook, as the sales growth indicates strong business momentum, which could support the stock price, but the EPS miss may temper gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100