DoorDash (DASH -9.10%) shares tumbled 10.5% through 11 a.m. ET on Friday morning after reporting a huge earnings miss last night.The food delivery company was supposed to lose only $0.16 per share in Q4 on sales of $2.24 billion, according to a consensus of analysts who follow the stock. DoorDash managed to report better-than-expected sales of $2.3 billion. However, the company's quarterly loss was more than twice as big as expected -- $0.39 per share.DoorDash earnings reportDigging into the numbers, it see ...

DoorDash Inc (NYSE:DASH) fell 8% in pre-market trading after it warned 2024 earnings could be impacted by weaker consumer spending. The delivery company said it expected gross order values (GOV), a key metric in the industry, to reach between US$74 billion and US$78 billion, a healthy jump from the near US$66 billion in 2023. However, DoorDash warned investors “that consumer spending in any of our geographies could deteriorate relative to our outlook, which could drive results below our expectations.” Under ...

As DoorDash looks to grow from a restaurant delivery platform to something more like a super app, the aggregator is expanding its retail offerings by orders of magnitude each year.On a call with analyst Thursday (Feb. 15) discussing the San Francisco-based delivery company’s fourth quarter and full-year 2023 financial results, CEO Tony Xu spoke to the rapid pace of the aggregator’s growth in the category.“When you look at selection, that’s something that we’re working towards,” Xu said. “I mean, it’s happen ...

DoorDash, Inc. (NASDAQ:DASH) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Andrew Hargreaves - VP of IR Tony Xu - Co-Founder, Chairman Ravi Inukonda - CFO Conference Call Participants Michael Morton - MoffettNathanson Nikhil Devnani - Bernstein Deepak Mathivanan - Wolfe Research Bernard McTernan - Needham & Company Andrew Boone - JMP Securities Brian Nowak - Morgan Stanley James Lee - Mizuho Securities Mark Mahaney - Evercore ISI Doug Anmuth - JPMorgan Brad Eric ...

DoorDash, Inc. (DASH) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -160%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.19, delivering a surprise of 57.78%.Over the last four quarters, the company has surpassed ...

Investors are always looking for stocks that are poised to beat at earnings season and DoorDash, Inc. (DASH) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because DoorDash is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indic ...

Thousands of drivers for Uber, Lyft and DoorDash are expected to go on strike across the U.S. on Valentine's Day as they seek fair pay. Justice for App Workers, a coalition representing more than 100,000 drivers, announced the strike last week.These drivers who work as independent contractors have accused the companies of offering unfair wages and taking the majority of their commissions. The coalition said in a news release that drivers should not have to worry about making ends meet and "demand changes fr ...

DoorDash (DASH) is set to release its fourth-quarter 2023 results on Feb 15.The Zacks Consensus Estimate for the top line is currently pegged at $2.24 billion, suggesting a 23.44% increase year over year.The consensus mark for loss is estimated to be 16 cents per share, unchanged over the past 30 days. DASH reported a loss of 63 cents per share in the year-ago quarter.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in the remaining one, delivering an ...

Thousands of drivers for ride-sharing platforms Uber, Lyft and food delivery app DoorDash will strike across the US on Valentine’s Day seeking fair pay, drivers’ groups said Monday.The strike call is the first since Uber and Lyft went public in 2019. Drivers will picket outside airports and Uber offices, two of the groups said.The strikes are set to take place about a week after Lyft said it would pay the difference if drivers made less than 70% of what riders paid after external fees each week.“We are con ...

TORONTO--(BUSINESS WIRE)--DoorDash Canada is ringing in Lunar New Year with its latest partnership with Toronto-based Chef, Craig Wong. Chef Craig, renowned for his Chinese-Jamaican fusion restaurant Patois, has created a limited-edition dish, ‘Long Life Noodles with Fried Chicken Cutlet' available exclusively on DoorDash from February 9 to February 23. Additionally, six lucky consumers stand a chance to win big with a red envelope contest, featuring six exclusive prizes from DoorDash. Lunar New Year cel ...