Why DoorDash (DASH) Shares Are Falling Today [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
Next quarter's Marketplace GOV (gross order value) guidance was just in line and adjusted EBITDA guidance missed. Partly contributing to the pressure on profitability is the rising cost of business, as management noted that the new wage rules in Seattle and New York will increase costs to consumers and reduce sales. However, DoorDash assured that the rules would only reduce Total Orders by less than 1%. Also, as the company expands into new international markets, it has to juggle varying unit economics amidst volatile demand and currency fluctuations. These concerns were baked into the cautious forward guidance. On the other hand, DoorDash beat analysts' revenue and adjusted EBITDA expectations this quarter. It produced solid revenue growth. Overall, this quarter's results seemed fairly positive, but the outlook was less exciting, which for a growth stock at a premium valuation can spell trouble. The stock market overreacts to news, and big price drops can present good opportuniti
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DASH
News
- Emerging Markets are Back: How to Tap into the Growth [Yahoo! Finance]Yahoo! Finance
- Marcone Introduces Same-Day Parts Delivery [Yahoo! Finance]Yahoo! Finance
- DoorDash's chief people officer says that HR departments have become research laboratories for new ideas [Yahoo! Finance]Yahoo! Finance
- DoorDash's chief people officer says that HR departments have become research laboratories for new ideas [Fortune]Fortune
- Is this autonomous security guard robot the protection you need? [FOX News]FOX News
DASH
Earnings
- 5/1/24 - Beat
DASH
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- DASH's page on the SEC website