DoorDash Q2 2024 GAAP EPS $(0.38) Misses $(0.09) Estimate, Sales $2.63B Beat $2.54B Estimate
Portfolio Pulse from Benzinga Newsdesk
DoorDash (NASDAQ:DASH) reported Q2 2024 GAAP EPS of $(0.38), missing the $(0.09) estimate by 322.22%. However, sales of $2.63B beat the $2.54B estimate, marking a 23.30% increase from last year's $2.13B.
August 01, 2024 | 8:11 pm
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NEUTRAL IMPACT
DoorDash reported a significant EPS miss but a sales beat for Q2 2024. EPS was $(0.38) vs. $(0.09) expected, while sales were $2.63B vs. $2.54B expected, a 23.30% YoY increase.
The significant EPS miss is a negative indicator, suggesting higher-than-expected losses, which could pressure the stock price. However, the sales beat and strong YoY growth are positive indicators, potentially offsetting the negative impact. Overall, the mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100