A DoorDash sign is pictured above a restaurant on the day they held their IPO in New York, December 9, 2020.
Carlo Allegri | Reuters
Shares of DoorDash jumped as much as 8% in extended trading on Thursday after the food delivery company report sales were better than expected in the fourth quarter and offer upbeat guidance for the current period.
Here’s how the company did it:
- Loss per share: $1.65 a share versus 68 cents, as analysts expect, according to Refinitiv
- Revenue: $1.82 billion versus $1.77 billion, as analysts expect, according to Refinitiv
DoorDash said total orders delivered in the fourth quarter rose 27% to 467 million, beating Wall Street’s forecast of about 458 million orders, according to StreetAccount.
This is breaking news. Check back for updates.
