DoorDash up 6% in premarket after topping Q4 estimates - Breaking The News

DoorDash up 6% in premarket after topping Q4 estimates

12 February

1 min read

EPA-EFE/JOHN G. MABANGLO

DoorDash Inc. shares surged 6% in premarket trading on Wednesday after the company posted stronger-than-expected fourth-quarter results.

Revenue rose 25% year over year to $2.9 billion, surpassing analysts' forecasts of $2.84 billion. Net income reached $141 million, a sharp turnaround from the $154 million net loss recorded a year earlier. Meanwhile, gross order value climbed 21% to $21.3 billion, also beating estimates.

The company's stock jumped 6.43% in the premarket trading to sell at $205.51 apiece.

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