DoorDash beats sales estimates on resilient food-delivery
DoorDash beats sales estimates on resilient food-delivery Jackie Davalos, Bloomberg News DoorDash Inc. reported first-quarter revenue that beat analystsâ estimates, reflecting the sustained demand in food delivery even as restaurants begin to reopen and more people get vaccinated. The shares jumped about 7 per cent in extended trading. Sales increased 198 per cent in the three months ended March 31, the company said in a statement Thursday. Revenue totaled US$1.1 billion, surpassing Wall Streetâs expectations. That growth came at a cost, however. A net loss of US$110 million, or 30 ...
Source: bnnbloomberg.ca