DoorDash shares jumped over 16% Thursday, a day after the company beat Wall Street's top- and bottom-line expectations.
The company reported $2.2 billion in revenue, ahead of the $2.1 billion analysts were expecting, according to LSEG, formerly known as Refinitiv.
It posted a loss per share of 19 cents, beating the consensus expectation of a loss per share of 40 cents.
DoorDash reported a net loss of $73 million, an improvement from the $295 million net loss, or a loss of 77 cents per share, it reported in the year-ago quarter.
DoorDash also reported 543 million total orders, up 24% year over year from 439 million orders, though that's down from the 27% growth in the year-ago quarter.
Persons:
Tony Xu, DoorDash, Wall, Xu, haven't
Organizations:
DoorDash Inc, Street, Tech, JPMorgan, U.S ., CNBC PRO
Locations:
Laguna Beach , California, U.S