Reported 2 months ago
DoorDash has projected a strong core profit for the third quarter, driven by resilient online ordering and surpassing revenue estimates for the June quarter. With shares soaring more than 13%, the company reported a 19% increase in orders compared to the previous year and expects adjusted earnings between $470 million and $540 million, outpacing market expectations. Despite concerns over a slowdown in U.S. restaurant demand, DoorDash's CFO emphasized robust consumer demand on their platform.
Source: YAHOO