DoorDash Inc.’s stock initially dipped 4% in after-hours trading Thursday after the food-delivery company delivered quarterly results.
DoorDash
DASH,
reported a fiscal fourth-quarter net loss of $154 million, or 39 cents a share, compared with a net loss of $640 million, or $1.65 a share, in the same quarter a year ago.
Revenue jumped 27% to $2.3 billion, from $1.82 billion in the year-ago quarter.
The company’s gross order value (GOV), or the total dollar value of all orders made on its platform, improved 22% to $17.64 billion. DoorDash had guided for $17 billion to $17.4 billion, and analysts polled by FactSet predicted $17.3 billion.
Analysts surveyed by FactSet had, on average, expected a net loss of 13 cents a share on revenue of $2.25 billion.
The company offered first-quarter GOV guidance of $18.5 billion to $18.9 billion, while FactSet analysts are forecasting $18.61 billion.
Shares of DoorDash have surged 89% over the past 12 months. The broader S&P 500 index
SPX
has increased 23%.
