DoorDash falls on weak profit guidance despite revenue beat
+2.42% to $207.27 from $202.37
What moved DASH
- Q2 revenue rose 35.6% year-over-year to $4.45 billion, above the $4.35 billion estimate; adjusted EBITDA of $914 million beat the $842.3 million estimate.
- GAAP EPS of $0.46 came in slightly below the analyst consensus.
- Third-quarter gross order value guidance of $33 billion-$34 billion topped the $32.64 billion analyst forecast.
- Adjusted EPS guidance of $7.60-$7.90 for the third quarter fell well short of the $8.86 analysts had expected, pressuring shares.
Sources: StockStory · Yahoo Finance · Investing.com