DoorDash Tumbles 10% After EBITDA Outlook Misses Estimates
$DoorDash(DASH.US$ shares tumbled more than 10% after the market closed as the company's second quarter outlook for adjusted earnings before interest, taxes and depreciation missed analysts' estimates.
The company sees EBITDA reaching $325 million to $425 million in the second quarter, according to its press release. The midpoint of that outlook is below the $394.4 million expected by analysts, according to estimates compiled by Bloomberg.
The company sees EBITDA reaching $325 million to $425 million in the second quarter, according to its press release. The midpoint of that outlook is below the $394.4 million expected by analysts, according to estimates compiled by Bloomberg.
The company reported a loss of 6 cents per share in the first quarte, bigger than 4-cent loss expected by analysts, according to LSEG Ibes. Revenue for the period that ended March 31 grew 23% to $2.51 billion,. That beats the $2.45 billion expected by analysts, according to a Reuters report.
Total orders for the quarter rose 21% to 620 million from a year earlier, while marketplace GOV, or the total dollar value of Marketplace orders, also climbed 21% to $19.2 billion, the company said in a press release.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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