DoorDash posts $263M loss, but stock jumps nearly 20%

Man hands over DoorDash bag to driver

DoorDash saw total orders rise and revenue increase, but the delivery company posted a larger-than-expected loss for the second quarter. DoorDash said it lost $263 million, or 72 cents per share, in Q2, compared with a loss of $102 million, or 30 cents per share, a year ago.

FactSet analysts had forecast a loss of $195 million, or 21 cents per share, on revenue of $1.52 billion. DoorDash posted revenue of $1.6 billion, up from $1.24 billion in Q2 2021.

DoorDash (NYSE: DASH) released earnings...

https://www.freightwaves.com/news/doordash-stock-spikes-following-q2-earnings

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