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DoorDash Shares Plummet 15% on Weak Earnings and Outlook
DoorDash Shares Plummet 15% on Weak Earnings and Outlook
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BTCCSquare news:
DoorDash's stock suffered its worst single-day decline in over a year after the delivery giant missed profit expectations and warned of rising costs. The company reported $0.55 EPS versus analyst estimates, despite 27% revenue growth to $3.45 billion.
Management attributed the profit squeeze to aggressive investments in expansion and experimental projects like delivery robots. "We wish there was a way to grow a baby into an adult without investment," the earnings statement remarked, signaling continued spending ahead.
The 23% jump in operating costs overshadowed strong order growth metrics. Marketplace gross order value climbed 25% to $25 billion, suggesting the Core business remains healthy despite margin pressures.
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