DoorDash Stock Dips Slightly After Better-Than-Expected Q3 Results
Portfolio Pulse from Erica Kollmann
DoorDash reported better-than-expected Q3 earnings with a 38 cents per share profit and $2.7 billion in sales, surpassing analyst estimates. Despite positive results, DoorDash shares dipped slightly by 0.46% in after-hours trading.
October 30, 2024 | 8:51 pm
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DoorDash reported strong Q3 results, beating earnings and sales estimates. Despite this, the stock dipped slightly in after-hours trading.
DoorDash's Q3 earnings and sales exceeded expectations, which is typically positive for stock prices. However, the slight dip in after-hours trading suggests that investors may have had higher expectations or concerns about future growth. The stock's reaction is neutral in the short term.
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