DoorDash (DASH) Reports Q4 Loss, Beats Revenue Estimates

DoorDash (DASH) reported a GAAP loss of 39 cents per share in fourth-quarter 2023, narrower than the year-ago quarter’s loss of $1.65 per share.However, the figure missed the Zacks Consensus Estimate by 160%.Revenues increased 27% year over year to $2.303 billion and surpassed the consensus mark by 2.62%. The upside was driven by strong performance in total orders and Marketplace GOV, alongside enhanced logistics efficiency and an increasing contribution from advertising.The company’s shares have increased ...