DoorDash - DoorDash reported earnings of 48 cents per share on revenue of $3.96 billion, which missed expectations, as the market was looking for 59 cents per share [2][3] - Total orders increased by 32% year-over-year, and gross order value surged by 39% [2][3] - The CEO emphasized strong momentum and a long-term investment strategy, including plans for autonomous delivery and technology upgrades [4] Wayfair - Wayfair experienced a significant drop in stock price, down 13%, despite beating adjusted earnings expectations with 85 cents per share against a forecast of 66 cents [6][7] - The company reported a larger-than-expected unadjusted loss of 89 cents per share, compared to an expected loss of just 1 cent, impacted by equity-based compensation and debt repurchases [7][8] - New customer growth continued for the third consecutive quarter, with orders per customer rising by 3.7%, although the total active customer base declined slightly [8][9] Deere - Deere's stock rose by 7% after reporting better-than-expected results, with earnings per share of $2.42 compared to an expected $2.06, and sales of $9.61 billion against a forecast of $7.69 billion [11][12] - The company provided a positive sales growth outlook, indicating that its segments are outperforming their respective industries [12] - Despite a slight year-over-year decline typical for the first quarter, the results exceeded expectations, suggesting stabilization in the industry [13]
DASH Rallies Despite Earnings Miss, Wayfair (W) Falls, DE Drives Momentum