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DoorDash projects quarterly core profit below estimates on higher costs

Shares of DoorDash sank more than 14% in extended trading on Wednesday after it projected second-quarter core profit below estimates, signaling that higher costs were offseting some gains from rising groceries and food orders. The San Francisco-based online food delivery firm has been forced to increase minimum pay for its delivery workers after New York City and Seattle came up with new regulations. "When I look at the business from Q4 to Q1, costs did go up," said CFO Ravi Inukond...
San Antonio United States New York Pooja Desai Granth Vanaik Ravi Inukonda
Source: yahoo.com

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