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Why DoorDash Stock Just Crashed 10%
DASHDoorDash(DASH) The Motley Fool·2024-02-16 17:00

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 ...